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Strat's PASR Long Term, Stress Free Trading

  • #9,661
  • Jan 8, 2019 1:32pm Jan 8, 2019 1:32pm
Quoting strat
{quote} So, Scrumy, what have you learned from this?
1. Not only taking a look at current PA. Yes, the set up candle had momentum. The previous candle hat a long tail (buyers are there). And the surrounding candles showed buying pressure (your marked entries) as well.
2. Look at the surrounding candles as well. How are they shaped? How do they look in general? Are they having an avering span? Do some candles exceed the average span? Are they more bearish/bullish?
3. Take time drawing SR lines in advance. Switch to Line Chart, see where the closes are. H4, drop to H1, adjust. Trade M5.

I have now taken my time to draw the SR again.

They are now different to my intial ones, but also different to yours.

H4 SR Lines

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD-H4-SR Lines.png Size: 76 KB


H1 SR Lines

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Click to Enlarge Name: NZDUSD-H1-SR Lines.png Size: 64 KB


Finalized M5.

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Click to Enlarge Name: NZDUSD-5M with H1 H4 SR Lines.png Size: 67 KB


The trade itself still looks good to me now - there were tails (showing buy pressure) but also wicks (showing selling pressure). Strat Shadow still trending down rejecting price. Hammer in comparison to the set up candle much smaller. The only thing I don't like is the candle before my set up candle. Showing a hell of buying pressure.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD selling pressure.png Size: 88 KB


I will now compare several M5 sample trades in here to see what may be wrong with my trade.

Edit: addon to consider - never trade on boxing day. I read that you, Strat, are not trading from mid Dec to mid Jan - or at least with lower position size exactly due to those lesser liquidities in the market and the big boys are off.
Accept the risk!
  • #9,662
  • Jan 8, 2019 1:45pm Jan 8, 2019 1:45pm
Quoting HappyTrend
{quote} Adding to my last comment: Other thing that you can do if you think that 0.01 u are not paying too much attention or a serious thing because 0.01 is nothing in intraday. Buy a "Saving Pig" (Or i dont know what is the name of those where u put money inside of it and u cant withdraw, only when u broke it) How much lotsize its good for start for you, 0.10? 0.20? 0.50? Then trade with 0.01 in a live account but just imagine that is a 0.10 (or the lotsize that u want to trade in the begining). If you hit StopLoss, and for -> example <- You hit...
Good idea. At first I have to admit that 0.01 was not attracting me - I should already care when my SL gets hit and therefore I went for a bigger position size. But I set myself a loss amount, where I will switch to microlots. I am more focused on my other stats (winrate, average winner vs. average looser), rather than the PL. So I take care of every trade the same way I would with a bigger position size.
Otherwise I would just be a liquidity provider . Still to much to learn and too much to improve.
Accept the risk!
  • #9,663
  • Jan 8, 2019 1:55pm Jan 8, 2019 1:55pm
Quoting Ali.J
{quote} I only have my prayers and wishes for YOU with all happiness. Yes , this is me after Living with PASR at each and every second in my time .(Psychology at most ) Dear Strat : If YOU allow me : I have 1 big piece left of the Puzzle , As usually its a Stupid Questioning : {quote} I can not do any thing to my trades AFTER clicking the mouse (I can Only get out of it With or Without profits).I cant make it go in my favor or against it .(I have heard many stories about people who can control the market)! Please can explane to me : (Supply & Demand)...
This is my point of view:

1) Price moves with the difference of buyers vs sellers. And thats it.

2) We as a retail traders we are a little dust in all the planet Earth.. is the reason that we act as a mercenary and we follow who is taking control.. we are following the BigBoss and Boss.

3) "I have heard many stories about people who can control the market"

This is the main reason that Strat ignore all of them who is jumping system by system... just remember in theory the 95% loss in this profession... ignore all of them.. just focus in PASR.. ONLY FOCUS IN PASR.... PASR is the real true in the markets.. in PASR u can see where is the buyers n sellers..

Ignore what u have read... and worst.. Binary stuff, people who use martingale grid.. not stoploss.. etc.. etc...

Just empty ur mind and start read the thread again.
  • #9,664
  • Jan 8, 2019 2:15pm Jan 8, 2019 2:15pm
Quoting HappyTrend
{quote} This is my point of view: 1) Price moves with the difference of buyers vs sellers. And thats it. 2) We as a retail traders we are a little dust in all the planet Earth.. is the reason that we act as a mercenary and we follow who is taking control.. we are following the BigBoss and Boss. 3) "I have heard many stories about people who can control the market" This is the main reason that Strat ignore all of them who is jumping system by system... just remember in theory the 95% loss in this profession... ignore all of them.. just focus in PASR.....
Dear HappyTrend , I am happy that you joined in to help me

  1. I was referring to a mechanical process that reflected the price action.
  2. That is exactly what i want to do . Like Dr. Joi when he SAW them and what THEY doing.
  3. I was referring to Market Makers . Like the story about Mark Doglas friend the (technical analyst) in his book.

True , I give up from them all , i was there , all that you refer to . The result was , LOSSES & More LOSSES .
I ll try my best to do like what you say .
Thank you for your effort Dear .
Regards

There is Light at the End of the Tunnel.
  • #9,665
  • Jan 8, 2019 3:09pm Jan 8, 2019 3:09pm
Quoting Scrumy
{quote} 1. Not only taking a look at current PA. Yes, the set up candle had momentum. The previous candle hat a long tail (buyers are there). And the surrounding candles showed buying pressure (your marked entries) as well. 2. Look at the surrounding candles as well. How are they shaped? How do they look in general? Are they having an avering span? Do some candles exceed the average span? Are they more bearish/bullish? 3. Take time drawing SR lines in advance. Switch to Line Chart, see where the closes are. H4, drop to H1, adjust. Trade M5. I have...
This is your market in between christmas and new year and very narrow
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  • #9,666
  • Edited 3:32pm Jan 8, 2019 3:22pm | Edited 3:32pm
Quoting Scrumy
{quote} 1. Not only taking a look at current PA. Yes, the set up candle had momentum. The previous candle hat a long tail (buyers are there). And the surrounding candles showed buying pressure (your marked entries) as well. 2. Look at the surrounding candles as well. How are they shaped? How do they look in general? Are they having an avering span? Do some candles exceed the average span? Are they more bearish/bullish? 3. Take time drawing SR lines in advance. Switch to Line Chart, see where the closes are. H4, drop to H1, adjust. Trade M5. I have...
I will now compare several M5 sample trades in here to see what may be wrong with my trade.

UNBELIEVABLE! I give up!

I have already told you what is wrong on Post 9645. In addition to what I describe there, the major reason is YOU.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,667
  • Jan 8, 2019 3:30pm Jan 8, 2019 3:30pm
Quoting Ali.J
{quote} I only have my prayers and wishes for YOU with all happiness. Yes , this is me after Living with PASR at each and every second in my time .(Psychology at most ) Dear Strat : If YOU allow me : I have 1 big piece left of the Puzzle , As usually its a Stupid Questioning : {quote} I can not do any thing to my trades AFTER clicking the mouse (I can Only get out of it With or Without profits).I cant make it go in my favor or against it .(I have heard many stories about people who can control the market)! Please can explane to me : (Supply & Demand)...
As usually its a Stupid Questioning

Since you know it's STUPID, why ask it?

HappyTrend has provided you with a much more polite answer than I would have given. In any event, the answers to all those questions are ALREADY in my "old" original 2009 thread!

STOP wasting your time on THINKING this rubbish and spend it by practicing PASR on thousands of charts.

We make money by trading PRICE - NOT by THINKING about trading!

Attached Image


How are you going to make money if you don't trade?
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,668
  • Jan 8, 2019 3:30pm Jan 8, 2019 3:30pm
Quoting Ali.J
{quote} Dear HappyTrend , I am happy that you joined in to help me I was referring to a mechanical process that reflected the price action. That is exactly what i want to do . Like Dr. Joi when he SAW them and what THEY doing. I was referring to Market Makers . Like the story about Mark Doglas friend the (technical analyst) in his book. True , I give up from them all , i was there , all that you refer to . The result was , LOSSES & More LOSSES . I ll try my best to do like what you say . Thank you for your effort Dear . Regards

You want to swim in something deeper and innecessary....

PASR is everything u have to do, and the only thing that is in my mind is about the Story about Dr. Joe and Trends...

PASR -> PRICE ACTION at SUPPORT RESISTANCE

That is the only important thing and its everything! Resistance Zone? Where the Sellers have entry positions and above of it have their stoploss... Support Zone? Where the Buyers have entry positions and bellow of it have their stoploss...

Price Action.... Then when price go in that zone and u have for example a BEEB at Sellers Zone... You know that in there are Sellers....

Then If you are in a downtrend.. Downtrend BigBoss, DownTrend Boss... keep selling it until it stops going downtrend (DR. JOE), When it stop..?? When the price cant reach a new Lower Low...

If u want to read something "hard" more "difficult" .. the only thing is u are getting difficult to read because u dont believe this can be in a some point "Easy" "Simple"...

In fact the most Hard thing is Money Management and Psychology of each one... That is the hard thing. (EGO, STRESS, DEPRESIVE, REVENGE, HATE, etc.. etc.. all bad emotions that come in play in trading..)
  • #9,669
  • Jan 8, 2019 4:20pm Jan 8, 2019 4:20pm
Quoting strat
{quote} Good, but since its counter trend, my Take Profit would be somewhere in the blue rectangle. {image}

Im planing to manage the trade as a swing boss (looking for weekly candle close). But as u say that is counter-trend, u recommend in there to hard profit in that zone? Doesnt matter what BOSS CANDLE close in there?

I put my breakeven above of the daily candle close, The price have 24hours trying to push down 1.3266 without succed, then i move my sl above of daily candle.

But my initial plan was following BOSS CANDLE. (Im still learning...)
  • #9,670
  • Jan 8, 2019 4:32pm Jan 8, 2019 4:32pm
Quoting strat
{quote} I will now compare several M5 sample trades in here to see what may be wrong with my trade. UNBELIEVABLE! I give up! I have already told you what is wrong on Post 9645. In addition to what I describe there, the major reason is YOU.
That is why I need to dig deeper and try to understand what YOU want to help me with.
Got it. Low liquidity. NZDUSD is the last pair on your volatility list at position 26. Bad day to trade on.

And I said that there were equal great wicks, showing selling pressure. From my perspective it is still a valid trade. Price closed below my SR. Why shouldn't I consider my wicks, compared to your tails? Why do those tails weigh more than the wicks?

What else should I do than trying to see other examples of M5 trades (study 1000 of hours on 1000 of charts) when I try to see what you try to make me see?

I don't want to upset you. Just trying to understand.

Edit: selling pressure instead of buying pressure.
Accept the risk!
  • #9,671
  • Jan 8, 2019 4:59pm Jan 8, 2019 4:59pm
Quoting Rub
{quote} A volatility list has been posted a few times, I think GBP/NZD was the top one. Watch a few of those and bob's your auntie's live in lover.
Ben, I know your intentions are good but WE have to STOP feeding the Trolls and Lurkers. If they are genuinely interested in PASR, they will read the thread and find whatever information it is they are looking to take SHORT CUTS on.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,672
  • Jan 8, 2019 5:00pm Jan 8, 2019 5:00pm
Quoting Malu
{quote} You should watch the market! After a few days/weeks you get a good feeling of the pairs with higher volatility. As Rub mentioned: most of the GBP pairs are pretty volatile at the moment. Be careful with your positions size on the volatile ones. This are the top 10 of my ATR list as per today (not meaning that I just or only trade this ones): {image} Greetings, Markus
Markus, I know your intentions are good but WE have to STOP feeding the Trolls and Lurkers. If they are genuinely interested in PASR, they will read the thread and find whatever information it is they are looking to take SHORT CUTS on.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,673
  • Jan 8, 2019 5:01pm Jan 8, 2019 5:01pm
Quoting bistolis
{quote} Practise and practise and then with time you will be taking a look and figure out which ones look better. then you just need to pick the best entry (one chart) and manage it (monitoring) as much as you can.
bistolis, don't you think he FIRST needs to read, learn and understand PASR?
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,674
  • Jan 8, 2019 5:06pm Jan 8, 2019 5:06pm
Quoting Scrumy
{quote} 1. Not only taking a look at current PA. Yes, the set up candle had momentum. The previous candle hat a long tail (buyers are there). And the surrounding candles showed buying pressure (your marked entries) as well. 2. Look at the surrounding candles as well. How are they shaped? How do they look in general? Are they having an avering span? Do some candles exceed the average span? Are they more bearish/bullish? 3. Take time drawing SR lines in advance. Switch to Line Chart, see where the closes are. H4, drop to H1, adjust. Trade M5. I have...
I have now taken my time to draw the SR again.
They are now different to my intial ones, but also different to yours.

I bow to your superior SR recognition powers then!
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,675
  • Edited Jan 9, 2019 10:40am Jan 8, 2019 5:17pm | Edited Jan 9, 2019 10:40am
Quoting Scrumy
{quote} That is why I need to dig deeper and try to understand what YOU want to help me with. Got it. Low liquidity. NZDUSD is the last pair on your volatility list at position 26. Bad day to trade on. And I said that there were equal great wicks, showing selling pressure. From my perspective it is still a valid trade. Price closed below my SR. Why shouldn't I consider my wicks, compared to your tails? Why do those tails weigh more than the wicks? What else should I do than trying to see other examples of M5 trades (study 1000 of hours on 1000 of...
From my perspective it is still a valid trade.

How can it still be a valid trade when you wrote in Post 9657 ""Buyers were stepping in"".

And in Post 9661 you wrote ""The previous candle hat a long tail (buyers are there). And the surrounding candles showed buying pressure (your marked entries) as well.""

Look at the surrounding candles as well. How are they shaped? How do they look in general? Are they having an avering span? Do some candles exceed the average span?

Who cares?

Again in Post 9661 ""The trade itself still looks good to me now - there were tails (showing buy pressure)""

And ""The only thing I don't like is the candle before my set up candle. Showing a hell of buying pressure.""

From my perspective it is still a valid trade.

I can't help you if you can't help yourself to understand logic

Simply put, ""Buying Pressure"" means DO NOT SELL
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,676
  • Jan 8, 2019 9:13pm Jan 8, 2019 9:13pm
Quoting Ali.J
...: (Supply & Demand) HOW THE PRICE MOVING ? HOW THE BIG BOYS DO THERE BIG TRADES ?(Avoiding the Slippages and Crashes) What happen after i put on trade in the market ?(Do its effect disappear after 1 second?) Do I effect on the market by my small trades? Sorry if i disappoint you , but i really need to know what is going on here . Regards
Ali,

STOP thinking...too much thinking will only make you go mad.
Surely those are the questions one should need to learn. And answers to those are burred in strat's Old thread. That's why I am not asking them here.

keep reading the old thread as you have been doing. If you don't understand any particular post , then try reading it again ..still you don't understand ..then ask here.

STOP THINKING...period..

rgds
Focus, Patience, Discipline, Determination and Perseverance
  • #9,677
  • Jan 9, 2019 12:51am Jan 9, 2019 12:51am
Quoting strat
{quote} Ben, I know your intentions are good but WE have to STOP feeding the Trolls and Lurkers. If they are genuinely interested in PASR, they will read the thread and find whatever information it is they are looking to take SHORT CUTS on.

Will start saying it's all in the thread(s) from now on.
  • #9,678
  • Jan 9, 2019 1:57am Jan 9, 2019 1:57am
Quoting strat
{quote} Markus, I know your intentions are good but WE have to STOP feeding the Trolls and Lurkers. If they are genuinely interested in PASR, they will read the thread and find whatever information it is they are looking to take SHORT CUTS on.
Strat, you are right. In that moment I did not think about that point. Noted for the future.
  • #9,679
  • Jan 9, 2019 2:13am Jan 9, 2019 2:13am
Quoting strat
{quote} bistolis, don't you think he FIRST needs to read, learn and understand PASR?
Yes, you are right. I just can't help myself providing some information
  • #9,680
  • Jan 9, 2019 4:18am Jan 9, 2019 4:18am
USDJPY Basic PASR H1

Currently watching USDJPY for a Basic PASR trade to give me a PA set up to go short.

Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY H1 possible Basic PASR setup.png Size: 350 KB
Accept the risk!
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