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Strat's PASR Long Term, Stress Free Trading

  • #9,861
  • Jan 17, 2019 7:38am Jan 17, 2019 7:38am
well said sir i m come back again only and only learn from you.
yes i thrown all rubbish indicators in recycle bin even i removed from my computers and mt4.
now my chart clean and clear
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  • #9,862
  • Jan 17, 2019 8:19am Jan 17, 2019 8:19am
Quoting badeel
well said sir i m come back again only and only learn from you. yes i thrown all rubbish indicators in recycle bin even i removed from my computers and mt4. now my chart clean and clear {image}
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personally , it is the first time I opened this chart. I dont like to even try to grap 13pips or 20, but its good for practise. I prefer the GBP pairs for M5 since the range on those is more than twice of CADJPY
  • #9,863
  • Jan 17, 2019 9:07am Jan 17, 2019 9:07am
Quoting TerryDawe
{quote} Seems like you are hooked on M5
You totally missed the point I was making, Terry! I was showing our PASR candle set ups which, of course, occur more frequently on shorter time frames.

As for ""my"" time frames, M5/M15 are easy, quick money time frames but the wealth is made on the longer term, stress free Daily and Weekly time frames.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,864
  • Jan 17, 2019 9:10am Jan 17, 2019 9:10am
Quoting Suran
{quote} Thanks a lot for the comment Terry, I still have lot to read about that WCC concept and the Worker(Daily) trading. So I trade H4 and lower for the time being. That's the reason I am not looking at WCC. Do you think I should consider it for H4 trading also? Rgds Suranga
Do you think I should consider it for H4 trading also?

You should consider everything which will impact your trading, Suranga. The Weekly Control Candle will provide you with your ""initial"" H4 PRICE boundaries.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,865
  • Jan 17, 2019 9:18am Jan 17, 2019 9:18am
Quoting badeel
well said sir i m come back again only and only learn from you. yes i thrown all rubbish indicators in recycle bin even i removed from my computers and mt4. now my chart clean and clear {image}
Well that IS a surprise!

Now you need to remove all that ADR information so that all you have on your chart is the Strat Shadow and the 200 ema - PASR traders need nothing else.

Make sure you start on THE PATH by reading, learning and understanding PASR by starting here https://www.forexfactory.com/showthread.php?t=155459
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,866
  • Jan 17, 2019 9:20am Jan 17, 2019 9:20am
Quoting badeel
well said sir i m come back again only and only learn from you. yes i thrown all rubbish indicators in recycle bin even i removed from my computers and mt4. now my chart clean and clear {image}
This shows that you don't understand PASR let alone my M5 PASR Trend Trading strategy.

Learn PASR BEFORE attempting any PASR strategies and techniques
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,867
  • Jan 17, 2019 9:22am Jan 17, 2019 9:22am
Quoting strat
{quote} Do you think I should consider it for H4 trading also? You should consider everything which will impact your trading, Suranga. The Weekly Control Candle will provide you with your ""initial"" H4 PRICE boundaries.

Thanks Strat, I will dig deeper in to this.

rgds

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,868
  • Jan 17, 2019 9:23am Jan 17, 2019 9:23am
Quoting bistolis
{quote} {image} personally , it is the first time I opened this chart. I dont like to even try to grap 13pips or 20, but its good for practise. I prefer the GBP pairs for M5 since the range on those is more than twice of CADJPY
Yes, indeed, 13th out of 27 on my Volatility list - an inefficient use of time and margin BUT good for practice.
15 YEARS OF PASR ON FOREX FACTORY!
  • #9,869
  • Jan 17, 2019 9:25am Jan 17, 2019 9:25am
Quoting badeel
well said sir i m come back again only and only learn from you. yes i thrown all rubbish indicators in recycle bin even i removed from my computers and mt4. now my chart clean and clear {image}

Hi badeel,

Welcome !

Your Strat shadow settings might need to change. Looks like it cluttering your chart. looks like crocodile back. Not exactly sure why its happening.

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Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,870
  • Jan 17, 2019 11:40am Jan 17, 2019 11:40am
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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,871
  • Jan 17, 2019 11:54am Jan 17, 2019 11:54am
My 3 hours is up!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,872
  • Jan 17, 2019 1:17pm Jan 17, 2019 1:17pm
Quoting bistolis
{quote} I did a quick search and I cant find an EMA ribbon like the one we use in MT4. I only found 50 pages of useless indicators
That's what I found too. I'll keep looking but I'm not too hopeful.

Quoting Suran
{quote} Can't you convert coding in http://2calgo.com/ I never tried. It came up after google search
Thanks Suran, I'll look into it.
  • #9,873
  • Jan 17, 2019 1:40pm Jan 17, 2019 1:40pm
Hello Strat, im thinking for training to start doing those Intraday Forex PASR TREND.

But i have a question, Have u ever tried doing PASR LONG TERM Strategy in Intraday?

Maybe Worker: 15m Boss 1HR and BigBoss 4HR? Doing Boss Swing with the 1Hr?

or

Worker: 5M Boss 15M and BigBoss 60m? Doing Boss Swing with the 15M?




Or why you pick for intraday only the M5 PASR TREND STRATEGY?
  • #9,874
  • Jan 17, 2019 4:53pm Jan 17, 2019 4:53pm
Quoting HappyTrend
{quote} USDMXN Well, at the end... When i post that i decide to close the trade and in my notes put that i decide to Breakeven better and put a sell limit bellow of the next inside candle. More or less i close the trade.. and the trade open it again few hours later... And here we go! Now start moving... BOSS {image} WORKER {image} Im Managing my trades as a SWING BOSS. The current ENTRY LINE is the AVARAGE LINE of all the trades... My Stoploss is moving and is going above of Boss Candle or Above of SWING High of Worker. New Entries: If Worker Candle...
USDMXN


Hello "Little People", my USDMXN has been closed.

I think my decision of trailing stoploss in worker than following my first rule of SWING BOSS and only checking boss candles was totally emotional at the end...

I make a very good profit but in the end i failed in following my own rules/plan.

I start felling the little people in thinking in the floating profit, and thinking that i was arriving to a Support Zone and better to trailing than a big candle of buyers lossing some of my floating profit.

And right now studyng my trades... at the end im not that happy because i broke my rule of BOSS SWING and BOSS SWING is not showing any buyers signal (current candle close friday).

Please any comments will be appreciate.

WORKER

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BOSS

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  • #9,875
  • Jan 17, 2019 5:37pm Jan 17, 2019 5:37pm
Quoting strat
{quote} You totally missed the point I was making, Terry! I was showing our PASR candle set ups which, of course, occur more frequently on shorter time frames. As for ""my"" time frames, M5/M15 are easy, quick money time frames but the wealth is made on the longer term, stress free Daily and Weekly time frames.
Okay, sorry for the comment.
  • #9,876
  • Jan 17, 2019 6:28pm Jan 17, 2019 6:28pm
Quoting HappyTrend
.. Please any comments will be appreciate. WORKER {image} BOSS {image}

Well I have no comments. Only praise. Thanks for posting. good stuff to learn


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #9,877
  • Jan 17, 2019 9:49pm Jan 17, 2019 9:49pm
Quoting HappyTrend
{quote} Yes, im doing that... in my notes i wrote: IM DOING THIS: etc.. etc.. etc.. If i do this: etc.. etc.. etc.. if i do that: Etc.. etc.. I mean, im following my solid and my personal trading management but aswell im taking notes if my stoploss were in other place.. And after a week and a month i study my trades and the notes for check what should be better. Is the reason that i continue asking for that... For see the other opinions and I decide the last word of my trading. Thank you for ur answer, im not going to repeat that question, sorry....
It's a tricky game we play when we are trading and dealing with our own little people. Sometimes the thing to do is satisfy the little people and take some profit off the table. I missed one yesterday. Had a nice profit on a position and it flipped around to my stop. Kind of burned me up a tad. Regret can be a strong emotion to deal with...one of those pesky little people that yells pretty loud at times.

With our FIFO rules it takes some planning and self analyzing to figure out what will work for you. You will find it if you persist.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #9,878
  • Jan 17, 2019 9:53pm Jan 17, 2019 9:53pm
Quoting HappyTrend
Hello Strat, im thinking for training to start doing those Intraday Forex PASR TREND. But i have a question, Have u ever tried doing PASR LONG TERM Strategy in Intraday? Maybe Worker: 15m Boss 1HR and BigBoss 4HR? Doing Boss Swing with the 1Hr? or Worker: 5M Boss 15M and BigBoss 60m? Doing Boss Swing with the 15M? Or why you pick for intraday only the M5 PASR TREND STRATEGY?

May be This post might answer part of your question..

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Focus, Patience, Discipline, Determination and Perseverance
  • #9,879
  • Jan 17, 2019 10:43pm Jan 17, 2019 10:43pm
Quoting HappyTrend
Hello Strat, im thinking for training to start doing those Intraday Forex PASR TREND. But i have a question, Have u ever tried doing PASR LONG TERM Strategy in Intraday? Maybe Worker: 15m Boss 1HR and BigBoss 4HR? Doing Boss Swing with the 1Hr? or Worker: 5M Boss 15M and BigBoss 60m? Doing Boss Swing with the 15M? Or why you pick for intraday only the M5 PASR TREND STRATEGY?
It's been gone into on both the threads. The answer is there.
Quoting HappyTrend
{quote} USDMXN Hello "Little People", my USDMXN has been closed. I think my decision of trailing stoploss in worker than following my first rule of SWING BOSS and only checking boss candles was totally emotional at the end... I make a very good profit but in the end i failed in following my own rules/plan. I start felling the little people in thinking in the floating profit, and thinking that i was arriving to a Support Zone and better to trailing than a big candle of buyers lossing some of my floating profit. And right now studyng my trades......
I see nothing wrong with what you've done. You had a plan and followed it, you've even added on trades, and where you've got stopped out looks to be a support level anyway. There's no bones I'd pick about what you've done.


Now for my little contribution.

GBPNZD 1Minute trading 17jan19 review


First off, apologies for not posting as per my usual metatrader 4 charts. I'm using Ctrader for this to keep the accounts separate and haven't been able to turn up a ribbon fill like the strat shadow. Also still fiddling with colors.
I've marked the point that London opened, with all my trades getting an arrow. My plan going forward is to trade the first 2 hours of the London session when I can, on the 1 minute charts to try and help drag my skills up faster. Support has been marked with green horizontal lines from 1 and 4 hour charts.
Entries:

  1. Entered after seeing price close below the initial consolidation, following the direction from what the shadow would be showing. Could have closed for a minor loss after the bounce from support (that I failed to take into account when I took the trade!). Let it hit the stop loss.
  2. Similar rational to the first trade, but away from the 200EMA (in black). Never even went my way. Stopped out.
  3. Entered on hammer closing above support, with a stop giving room for spread (why I didn't get stopped out). Sat through the draw down and this one ran. There was a better entry a few candles later I could have entered on.
  4. Entered on what I saw as a rejection of the shadow, but really the next candle was a much better signal. This one pretty much went straight to profit.
  5. The exit for both long entries. Should be apparent why!

Overall I don't think it was too bad, my main take away was I should be looking to trade in the direction that continues yesterday's direction. Short was against it this time. Slight net loss for the session. If I'd stayed around longer I could've ridden the train up, but that was after I went to bed. There was a retracement shortly after I finished for the night, so I'm not too concerned. Bloody hell, it's mind numbing stuff though. No way I'd trade the full session.

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  • #9,880
  • Jan 18, 2019 2:26am Jan 18, 2019 2:26am
Quoting Suran
{quote} May be This post might answer part of your question.. {image}
I managed a couple of minutes of practise myself
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