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Strat's PASR Long Term, Stress Free Trading

  • #9,781
  • Jan 14, 2019 1:51am Jan 14, 2019 1:51am
Quoting Rub
{quote} Should have, could have. If wishes were fishes and all that, these are the mistakes I'm still making.
Ha ha...yes me too..
Focus, Patience, Discipline, Determination and Perseverance
  • #9,782
  • Jan 14, 2019 1:55am Jan 14, 2019 1:55am
Quoting Rufus
{quote} This was one of the hardest things for me to turn around mentally when it comes to trading. Just because a trade was a loss doesn't mean I was wrong. Just because a trade was a gain doesn't mean I was right. What makes us right is obeying our trading plan regardless of the result. As soon I got the "right and wrong" mentality out of my head then progression toward profitability move dramatically. Then my next hurdle was bias. This mean little bastard blinds you to half the market. The opposite of your bias.
Thanks Rufus. Do you have any tips how you did turn around mentally regarding this point?
Strat and you are right, and I also try to act mentally in that way, but sometimes I am catching myself acting not in that way.
Thanks, Markus
  • #9,783
  • Jan 14, 2019 9:01am Jan 14, 2019 9:01am
Quoting Malu
{quote} Thanks Rufus. Do you have any tips how you did turn around mentally regarding this point? Strat and you are right, and I also try to act mentally in that way, but sometimes I am catching myself acting not in that way. Thanks, Markus
Hey Markus

I'll have to work on this tonight when I return from work. Monday morning, starting new project, employees will be waiting for direction.

Have a super day
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,784
  • Edited 9:26am Jan 14, 2019 9:12am | Edited 9:26am
Quoting Rufus
{quote} Hey Markus I'll have to work on this tonight when I return from work. Monday morning, starting new project, employees will be waiting for direction. Have a super day
Thanks Rufus for your answer. There is no hurry.
I was just keen to understand how your process was regarding this mentally process.
You have a great day, too.
  • #9,785
  • Jan 14, 2019 9:35am Jan 14, 2019 9:35am
Quoting HappyTrend
{quote} I have 2 shorts entries too with avarage price 1.6008... hahaha with the same stoploss level... And that is just a question... The StopLevel in there is good? (I place in there because in lowertimeframe looks a nice swing down... but in Daily Timeframe is about 1.6600 where is the initial stoploss entry) With this Swing Down at Boss, im looking for an addon on daily... and the pullback in daily can be strong because the next level in daily is ema 200 and in boss we are at StratShadow... then i dont know where is the best stoploss level at...
Hi HT

If it feels right it probably is. I watch the price action including the close back into the shadow which will help me make my mind up if the trade is wrong.

Let's see if it goes anywhere, same for EURNZD..
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #9,786
  • Jan 14, 2019 9:50am Jan 14, 2019 9:50am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,787
  • Jan 14, 2019 9:54am Jan 14, 2019 9:54am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,788
  • Jan 14, 2019 9:55am Jan 14, 2019 9:55am
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Done trading M5/M15 for the day after 15 minutes thanks to GBP volatility.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,789
  • Jan 14, 2019 10:32am Jan 14, 2019 10:32am
@ BeyondTheSea and Rub

Looking closely at the chart, the best entry was on the arrow, with price re-entry in the SS and resistance rejection.
Now it is difficult to enter.
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Frank
  • #9,790
  • Jan 14, 2019 10:43am Jan 14, 2019 10:43am
EURAUD TRADING 4H

Quoting windofmarch
EUR / AUD TRADING 4H BIG BOSS: makes an LL and a (probable) LH on the resistance; BOSS: swing high confirmed with new WCC; DAILY: 1.5850 area rather busy, but with the price that closes under the Strat Shadow WORKER 4H: wait for a pullback around 1.6000 resistance with 1 TP in 1.5850 area. It can be a possibility. Greetings to all. {image} {image} {image} {image}
In addition to the comments from BeyondTheSea, HappyTrend and Rub - Traders Helping Traders:

When your ""Worker"" is your trading time frame, your Boss is the Daily and your Big Boss is the Weekly. The Monthly is too far out to influence trades on H4

BOSS: BIG BOSS: swing high confirmed with new WCC;

There is no ""new"" Weekly Control Candle - it has nothing to control yet. What you should have noticed which stands out like a "sore thumb" is the very bearish candle at week ending January 04, 2019. You should also have noticed the CONFIRMED swing.

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DAILY: BOSS: 1.5850 area rather busy, but with the price that closes under the Strat Shadow

1.5850 area rather busy

Its good that you saw this but describing it as "busy" will not help you. This is an area/zone of SR which is better seen on the BIG BOSS (Weekly).

but with the PRICE that closes under the Strat Shadow

Which tells you.................................?

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WORKER 4H: wait for a pullback around 1.6000 resistance with 1 TP in 1.5850 area.

What if you don't get the pullback?

1 TP in 1.5850 area.

Is this in your PLAN? Do you have a PLAN?

It can be a possibility.

But what is the probability?

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Good effort.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,791
  • Jan 14, 2019 11:04am Jan 14, 2019 11:04am
Quoting strat
EURAUD TRADING 4H {quote} In addition to the comments from BeyondTheSea, HappyTrend and Rub - Traders Helping Traders: When your ""Worker"" is your trading time frame, your Boss is the Daily and your Big Boss is the Weekly. The Monthly is too far out to influence trades on H4 BOSS: BIG BOSS: swing high confirmed with new WCC; There is no ""new"" Weekly Control Candle - it has nothing to control yet. What you should have noticed which stands out like a "sore thumb" is the very bearish candle at week ending January 04, 2019. You should also have noticed...
Thanks Strat, but not for your answers, but for your questions!
I will work this week and the next weeks.
Frank
  • #9,792
  • Jan 14, 2019 11:28am Jan 14, 2019 11:28am
Quoting Plateaus
{quote} Hi Strat, thank you very much for the through reply and also for posting the chart! My entry on this trade was based on price being held by the Resistance on 1.366 specially the candle on the 27th of december. I put a Sell stop below it at 1.355 (SL above 1.366). My first area of concern would be the top of the strat shadow which would give me close to a 1:1 RR . The shadow kept going up afterwards, which would make my RR worse, but I thought I it would be possible to move to BE quite fast if price could break the 1.356 support which could...
My entry on this trade was based on price being held by the Resistance on 1.366 specially the candle on the 27th of december. I put a Sell stop below it at 1.355 (SL above 1.366).

Where was your Big Boss and Boss analysis to support this? Just trading off the Daily was very RISKY since it was still trending strongly making your trade COUNTER TREND.

You were very lucky this time but we trade PASR, not luck.

My first area of concern would be the top of the strat shadow which would give me close to a 1:1 RR

As you progress along THE PATH, you will experience that most of your losing trades are those with 1:1 RR.

The shadow kept going up afterwards,

Who cares? We do NOT trade the Strat Shadow. It ONLY moved up because PRICE moved up!!!!! PRICE leads everything except volume.

Looking back at it I have some doubts about the candle on the 27th. I looked at it as a hammer from a very strong resistance. But there are things that worry me much now: the shadow is a bit smaller than the body, and it happened after a small retracement, it was also a BUOEB with a long shadow on the top, so a strong BOND candidate?

You need to go back and study our PASR candles. That candle was a BUOB and nothing like a Shooting Star in either shape or location. PRICE was, however, rejected by Boss and Big Boss resistance but how would you know as you did not do that analysis? That in itself is still NO REASON to short the Daily.

I would also like to ask about SR placement, if I may. Comparing the chart you posted to mine, I had my SL positioned above the Support I'd marked on 1.318 but I saw your support is marked 1.3128. Is my line relevant but of less importance than the support you marked on 1.3128, or is mine altogether off? I ask this to try to better understand effective SR placement.

That is because my level is taken off the Big Boss as per PASR strategy

Also note that your Attachments were not found

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Regarding the area you have marked on the chart with the ellipse, i'll have a try on it: it seems that price had a rough time getting lower for now but got rejected by strat shadow on the worker, so we have to keep an eye on what price does next, if it can break the Boss 20 (support at 1.324) or the Worker 20 (resistance).

Not bad BUT, you are only doing a one time frame analysis. Learn PASR which uses a 3 time frame analysis.

Well, back to F12 and the beginning of the thread, lots to learn!

Good - spend thousands of hours reviewing PASR on thousands of charts
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,793
  • Jan 14, 2019 11:33am Jan 14, 2019 11:33am
Quoting tommyFL
Thanks BeyondTheSea, Suran and huatzhi, really helpful comments. {quote} Up... and I actually have written in my notes, from the other thread, to check the direction of the latest swing in the boss. I didn't follow my notes. I remember Cannon & Ball! Although when I was growing up their star was fading.
I remember Cannon & Ball! Although when I was growing up their star was fading.

So you're an Ex-Pat then?
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,794
  • Jan 14, 2019 11:59am Jan 14, 2019 11:59am
Quoting Rub
{quote} Should have, could have. If wishes were fishes and all that, these are the mistakes I'm still making.
You shall have a fishy on a little dishy - local Geordie song

Inserted Video
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,795
  • Jan 14, 2019 12:12pm Jan 14, 2019 12:12pm
Quoting Suran
Hi all, Chart analysis EURNZD Weekly Swing high confirmed at 1.71 level. Strat shadow ,S/R level and 50% FIB retracement providing strong resistance at 1.71 level. Bearish {image} Daily Confirmed swing high. PRICE in a down swing. 1.71 S/R level ,200 and strat shadow providing resistance. Bearish {image} H4 In a down swing PRICE retracing. watch for PRICE action at strat shadow and 200 resistance area. {image} Suranga
Good stuff, Suranga
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,796
  • Jan 14, 2019 1:23pm Jan 14, 2019 1:23pm
Quoting Ali.J
{quote} Thank you Strat Honestly .... I try all I have as much as i can. I spend all my time living with PASR ONLY (from the time of my wake up until the time of my sleep)ٌ Reading , Trying to understand , Practicing , Viewing as much as i can from charts ,Thinking by how to applying the Psychology stuff . I really try every effort possible. This PDF a sample of my trades : {image} I think I was applying PASR . But the result is NOT Any comment/s will be a matter of thanks and gratitude Regard . My gratitude and thanks to all the friends who...
Ali, no-one is questioning your effort, determination and perseverance however, those alone will not help you to trade. As hard as it is for you to understand, and, as I told you before, your real problem is YOU. YOU are not assimilating anything on THE PATH. The trades shown on your pdf are evidence of that.

bistolis has very kindly marked up your charts from which it is very clear that you do not understand PASR, let alone apply it. To put into words to what bistolis indicated on your charts:

From bistolis: on almost all cases the entry is wrong for my tastes if this is M5 you should move to a higher timeframe. it will ease the pressure and you have more time to think between candles

Chart 1: A doji hammer is a red flag that trend is ending. You should have exited that short trade when PRICE closed inside the Strat Shadow (but YOU don't have a Strat Shadow!).

Chart 2: PRICE was in an UP trend as shown by the Strat Shadow (but YOU don't have a Strat Shadow!), PRICE then consolidated and RESUMED the UP trend. YOU went long BEFORE PRICE CLOSED above the Strat Shadow (but YOU don't have a Strat Shadow!).

Chart 3: PRICE was in an DOWN trend as shown by the Strat Shadow (but YOU don't have a Strat Shadow!). YOU entered long without PASR.

Chart 4: YOU entered BEFORE the candle CLOSED!!!!! then you entered short on bullish PASR!

Chart 5: PRICE was in an UP trend as shown by the Strat Shadow (but YOU don't have a Strat Shadow!). YOU entered short on SUPPORT of the Strat Shadow! (but YOU don't have a Strat Shadow!)

Chart 6: PRICE was in a TRADING RANGE and YOU entered short at the BOTTOM of that trading range AND after bullish PASR into that trading range.

Chart 7: PRICE had BOTTOMED as shown by the Strat Shadow (but YOU don't have a Strat Shadow!). PRICE had CLOSED above the Strat Shadow (but YOU don't have a Strat Shadow!) and was PULLING BACK to find support on the Strat Shadow (but YOU don't have a Strat Shadow!) when YOU went short!

From HappyTrend: Are u trading 0.10 worst! 0.20 with a 100usd account???

$100 account???? Hell, I can't even trade a $100 account! It is no wonder your Little People are playing havoc with your GREED and FEAR emotions!

JUST 0.01 and no more...

Better yet, $0.001

From bistolis: inconsistent position sizing. your little people must have a party there now

This is NOT PASR Money Management

From Suran: I could have taken my spouse dozen of times for a nice meal with that $40 you loss WITHIN A WEEK. bloody hell Ali... STOP IT.

I spend more each evening on wine!

From Suran: I never traded more than 0.01 lots. Still not confident to increase my lot size. I will only increase it when I am confident of my entries and exits.

I have some problems during live trading. (Greed&Fear)

The problem you have, Ali, is YOU. Until you can learn, understand and APPLY PASR you will always lose when trading "live". Your excuse of Greed and Fear is caused by YOU not understanding and being able to apply PASR

Because the time I am trading , dead time and low liquidity(After London close ).

I can only trade M5/M15 after 7am PST so that is NOT the reason.

This is NOT the reason. The reason is YOU not understanding and being able to apply PASR

Because my concentration is distracted

Then DO NOT trade! You need to be 100% FOCUSED on trading each and every time you want to trade.

From HappyTrend: And man... this PASR thing is the pure movement of the markets...

For real i didnt imagine this kind of trading with Monthly, Weekly and Daily... Doing Boss Swing we only see the PASR at Boss and then the Target (next S&R) And following it! Making the Add Ons on Worker and maybe one lower timeframe..

Why u dont try higher timeframes like H4 D1 W1 M1? Believe me... is more better and the Support and Resistance are more powerful than lower timeframes...
And you have enough time for fresh ur mind for the next trade in higher timeframes.

Now I am quite sure that the (1 & 5 min) does not fit me

Until you learn, understand and apply PASR, you are not ready to find the time frame you are comfortable with.

Go back on THE PATH and spend thousands of hours doing f12 on thousands of charts THEN see if you can apply PASR on "live" trading.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,797
  • Jan 14, 2019 1:25pm Jan 14, 2019 1:25pm
Quoting windofmarch
{quote} Thanks Strat, but not for your answers, but for your questions! I will work this week and the next weeks.
Thanks Strat, but not for your answers, but for your questions!

OK, no more evaluation for you, I will only ask you questions.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,798
  • Jan 14, 2019 1:27pm Jan 14, 2019 1:27pm
[quote=Rub;11879275]{quote} I have also been looking to short this pair, already missed one opportunity to enter. You're right about the confirmed swing high, but t

EURNZD H4

Hi Rub, I agree with Suranga, also with you, but mybe is not mistake in that sense, can you monitor every close of candle on H4? If you cant be there you couldn't react on such PA. I am telling this cause I look to trade H4 but couldn't be present at every close of H4 candle so this could be problem sometimes. Especialy when you open position at evening or before you go to work or somewhere else, etc....
Regards
Igor
  • #9,799
  • Jan 14, 2019 2:39pm Jan 14, 2019 2:39pm
Quoting Francl
Quoting Rub
{quote} I have also been looking to short this pair, already missed one opportunity to enter. You're right about the confirmed swing high, but t EURNZD H4 Hi Rub, I agree with Suranga, also with you, but mybe is not mistake in that sense, can you monitor every close of candle on H4? If you cant be there you couldn't react on such PA. I am telling this cause I look to trade H4 but couldn't be present at every close of H4 candle so this could be problem sometimes. Especialy when you open position at evening or before you go to
...
You dont have to be on the charts on every H4 close
Just pay attention to those H4 bars that close within your trading schedule (which should fit your lifestyle)
  • #9,800
  • Jan 14, 2019 3:00pm Jan 14, 2019 3:00pm
Quoting bistolis
{quote}{quote} You dont have to be on the charts on every H4 close Just pay attention to those H4 bars that close within your trading schedule (which should fit your lifestyle)

This one of the big thing that i cancel the H4 Chart...

Doing Monthly Weekly and Daily... you can check every candle... You cant miss any entry or add on or close.. in case that the price is arriving next S&R, didnt fill your target but worker start consolidating and making Hammers or Shooting Stars (Support or Resistance)... time to close the trade.

But with H4 Candle you cant be that precise because u cant watch every candle...

Lets think that u are using H4 as a Worker, D1 as a Boss and W1 as a BigBoss...

Now you are in a Support of BB and B... You are waiting for PASR to buy...

But you miss a night candle before sleep... but well.. before of sleep u check it and u are lucky that still ugly candle... You sleep (lets think 8 hours) and when u wake up.. u missed the beauty PASR for buy...

Something like that example is the reason that when i was watching H4 Charts i cant sleep and better to quit them.
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