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Strat's PASR Long Term, Stress Free Trading

  • #9,941
  • Jan 22, 2019 10:02am Jan 22, 2019 10:02am
Quoting Hickson
{quote} Alright, good luck then with your ego. Interesting to see that success in trading does not mean the person has grown as a whole ... will not talk to you again or ask here, so please do not respond again and spare us a discussion.

Then.. you are going to still swiming at the limbo... The Way that Strat teach is the Hard Way because you need to modify everything of urself for take profits from the markets....

Strat is not going to give you a candy each time that u do something... in fact, He is here for free.

Anyway, continue jumping thread by thread "trying" to find something.... Just wasting ur time. GoodLuck!

(BTW, did u notice that u start asking question before reading the thread?...)
  • #9,942
  • Jan 22, 2019 10:21am Jan 22, 2019 10:21am
Quoting HappyTrend
{quote} Then.. you are going to still swiming at the limbo... The Way that Strat teach is the Hard Way because you need to modify everything of urself for take profits from the markets.... Strat is not going to give you a candy each time that u do something... in fact, He is here for free. Anyway, continue jumping thread by thread "trying" to find something.... Just wasting ur time. GoodLuck! (BTW, did u notice that u start asking question before reading the thread?...)

People who call "Strat has ego" is missing the point here. Strat is not here because he has nothing else to do. He is here to tech us or give something back to the community the way its working for him. That's why he wanted us to learn the way he want us to learn. most people don't get this most of the time. when he use strict language they thinks he has ego and then get offended.

Through all those tough words he uses all I see is a humble human being who cares for his students. Thats what I see.
Focus, Patience, Discipline, Determination and Perseverance
  • #9,943
  • Jan 22, 2019 11:52am Jan 22, 2019 11:52am
Quoting HappyTrend
USDCAD BOSS {image} WORKER {image} First entry: Buyers losing strenght and very close to BIG RESSITANCE, BEOB... more or less a "SHOOTING STAR" (bullish) 3 days before of my first arrow and price didnt close above of it, and 3 days later, my first entry. Second Entry: Bellow of orange line for the breakout. Third Entry: Worker Candle Close bellow of the breakout. Now my trades are going to be manage as a Swing Boss, same plan that i post before with my USDMXN Trades. ********************* The current ENTRY LINE is the AVARAGE LINE of all the trades......

USDCAD update.

BOSS

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WORKER

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BOSS SWING TRADING.


Any comments, i appreciate it.
  • #9,944
  • Jan 22, 2019 3:11pm Jan 22, 2019 3:11pm
Quoting HappyTrend
{quote} USDCAD update. BOSS {image} WORKER {image} BOSS SWING TRADING. Any comments, i appreciate it.
HT, on my last post on your USDCAD, I said there was profit taking on the Boss. Since there was no further selling after that Boss profit taking candle, we expect and saw buyers coming back in. This is better seen on the Worker. You, too, would have been better taking profit since you can always get back in, if and when PRICE continues in your chosen direction, BUT you still did good.

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15 YEARS OF PASR ON FOREX FACTORY!
  • #9,945
  • Jan 22, 2019 4:11pm Jan 22, 2019 4:11pm
Quoting strat
{quote} HT, on my last post on your USDCAD, I said there was profit taking on the Boss. Since there was no further selling after that Boss profit taking candle, we expect and saw buyers coming back in. This is better seen on the Worker. You, too, would have been better taking profit since you can always get back in, if and when PRICE continues in your chosen direction, BUT you still did good. {image} {image}
Thank you for ur comments.

Just one question, in Worker... in what candle u decide to close the positions? Trading the Boss Swing.
  • #9,946
  • Jan 22, 2019 10:22pm Jan 22, 2019 10:22pm
Quoting HappyTrend
{quote} Thank you for ur comments. Just one question, in Worker... in what candle u decide to close the positions? Trading the Boss Swing.
See my chart. Remember this was essentially a counter trend trade, so not really expecting it go go far.
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  • #9,947
  • Jan 22, 2019 11:53pm Jan 22, 2019 11:53pm
Quoting Rub
{quote} See my chart. Remember this was essentially a counter trend trade, so not really expecting it go go far. {image}
Thank you for ur comment.
  • #9,948
  • Jan 23, 2019 12:33am Jan 23, 2019 12:33am
Hello Strat, im going to wait for see tomorrow ur comment about if u were in my trade, where you close the trade.


After that, i really want to post my trades but i have too many positions opens... obviously some in red and some in green.

And im thinking what is better to post for dont post all of them.. The Flotaing loss trades or the Floating profit trades...

But better im going to do a list of my current positions, and if u can chose one. I post it:

(Yes, some of my trades looks very ugly and my stoploss is very small, so maybe tomorrow already can be closed by the SL...)

@USOIL Buy
AUDCAD Long
AUDJPY Long
EURAUD Long
EURCAD Short
EURJPY Long
EURNZD Short
GBPAUD Long
GBPCAD Long
GBPJPY Long
GBPUSD Long
NZDCAD Long
NZDJPY Long
NZDUSD Long
USDCAD Long
USDCHF Long
USDJPY Long

My entries are based with Worker and sometimes Lowertimeframes.

Goodnight.
  • #9,949
  • Jan 23, 2019 12:56am Jan 23, 2019 12:56am
Quoting HappyTrend
Hello Strat, im going to wait for see tomorrow ur comment about if u were in my trade, where you close the trade. After that, i really want to post my trades but i have too many positions opens... obviously some in red and some in green. And im thinking what is better to post for dont post all of them.. The Flotaing loss trades or the Floating profit trades... But better im going to do a list of my current positions, and if u can chose one. I post it: (Yes, some of my trades looks very ugly and my stoploss is very small, so maybe tomorrow already...

That's a lot lot trades you're in. For me being long AUD/JPY, GBP/JPY, EUR/JPY, NZD/JPY, and USD/JPY would be too much. It's pretty much all the same trade! Why not pick the best looking one and risk only say 2% instead of splitting it or putting yourself at 10% risk?
  • #9,950
  • Jan 23, 2019 1:16am Jan 23, 2019 1:16am
Quoting Rub
{quote} That's a lot lot trades you're in. For me being long AUD/JPY, GBP/JPY, EUR/JPY, NZD/JPY, and USD/JPY would be too much. It's pretty much all the same trade! Why not pick the best looking one and risk only say 2% instead of splitting it or putting yourself at 10% risk?
Hi, Rub! Why are you long on EJ and all J pairs?
Weekly boss is down and Daily down too
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  • #9,951
  • Jan 23, 2019 1:24am Jan 23, 2019 1:24am
Quoting makron
{quote} Hi, Rub! Why are you long on EJ and all J pairs? Weekly boss is down and Daily down too {image} {image}
I echo this question.
Thanks in advance Rub
  • #9,952
  • Jan 23, 2019 1:32am Jan 23, 2019 1:32am
Quoting Rub
{quote} That's a lot lot trades you're in. For me being long AUD/JPY, GBP/JPY, EUR/JPY, NZD/JPY, and USD/JPY would be too much. It's pretty much all the same trade! Why not pick the best looking one and risk only say 2% instead of splitting it or putting yourself at 10% risk?
Well.. i think that before... but i prefer right now entry in all different PASR setups possible and making notes of my mistakes and good entries.

About the risk i have +#### balance account and im trading very small. Doing that i can be in a trade for learn from all the Workers Chart and avaiable for add ons without that "fear".

My Psychologic is comfortable split the risk for the different trades, because in my mind says "Each trade is like a bussines, i need to focus and participate in best bussines and splitting the risk because i know maybe one is going to work and the other is not.... I prefer to have for example a Restaurant, Night Club and a Bar... splitting the same risk... than put all the risk in one of them... knowing that those 3 bussines is a high probability of success"
  • #9,953
  • Jan 23, 2019 1:40am Jan 23, 2019 1:40am
Quoting makron
{quote} Hi, Rub! Why are you long on EJ and all J pairs? Weekly boss is down and Daily down too {image} {image}
Quoting pippoacher
{quote} I echo this question. Thanks in advance Rub
I'm not in those, that would be Happytrend. The one I quoted! Reading comprehension people!
  • #9,954
  • Jan 23, 2019 1:47am Jan 23, 2019 1:47am
Quoting HappyTrend
{quote} Well.. i think that before... but i prefer right now entry in all different PASR setups possible and making notes of my mistakes and good entries. About the risk i have +#### balance account and im trading very small. Doing that i can be in a trade for learn from all the Workers Chart and avaiable for add ons without that "fear". My Psychologic is comfortable split the risk for the different trades, because in my mind says "Each trade is like a bussines, i need to focus and participate in best bussines and splitting the risk because i know...
I think everyone has to find his own way on THE PATH. So if you are comfortable with that appoach it is fine.
Regarding your point "splitting the risk" I would be with Rub: beeing long in all GBP pairs is multiplying the risk.
For most of us the most important thing at the moment is learning, learning, learning applying PASR. Making money is a consequence then.
  • #9,955
  • Jan 23, 2019 1:49am Jan 23, 2019 1:49am
Quoting HappyTrend
.. But better im going to do a list of my current positions, and if u can chose one...

USDCHF ? I am not even looking at that pair.
Focus, Patience, Discipline, Determination and Perseverance
  • #9,956
  • Jan 23, 2019 3:58am Jan 23, 2019 3:58am
Another round of M1 boot camp, comments welcome.


GBPNZD M1 bootcamp 23/01/2019 review



As with last time, London open is marked with the vertical line. Support and resistance is the green lines drawn from 15 and 5 minute charts. Entries marked with a green arrow. Only trading the first couple of hours of the session before bed. I've also put a star under the entries I think were better than the ones I actually took. Also uploading the 15 Minute chart to show where I drew most of the support and resistance from.

1. Hammer from 20EMA. Stop under previous low.

2. Another hammer from 20EMA. Stop the same. Pretty much doubled the risk here though. Not very smart.

3. Rejection of 20EMA again. Stop Under past resistance (not visible in M1 chart, sorry). Better entry a few candles later, would have been the same stop.

All entries closed after the candle shown under the down arrow.

Not too shabby a session. No losses and made enough to buy a coffee. I think my recognition of candles is not so crash hot though, the entries I made there were much clearer ones a few candles later.
The good was taking into account spread when placing my stops and using support and resistance to help bolster them, but I do need to make better entries. Pretty happy with it overall. Comments welcome!
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  • #9,957
  • Edited 4:50am Jan 23, 2019 4:33am | Edited 4:50am
Quoting Rub
Another round of M1 boot camp, comments welcome. GBPNZD M1 bootcamp 23/01/2019 review As with last time, London open is marked with the vertical line. Support and resistance is the green lines drawn from 15 and 5 minute charts. Entries marked with a green arrow. Only trading the first couple of hours of the session before bed. I've also put a star under the entries I think were better than the ones I actually took. Also uploading the 15 Minute chart to show where I drew most of the support and resistance from. 1. Hammer from 20EMA. Stop under previous...
This is my take on it. Trying to not let hindsight get in the way
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lately the spread for this with my broker is 5-6 pips but the range is sweet

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No1 is so close to the top m5 resistance that someone could actually just close everything (meaning the last 3 arrows) there
and theoretically all this will account to: 60-62pips (not counting my spread of 5pips , it would be 85pips for 5 positions)

EDIT: this is what I use to pick the top 5-10 charts, and usually the list is the same. GBP has the biggest range
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  • #9,958
  • Jan 23, 2019 5:35am Jan 23, 2019 5:35am
Today my entry i m improving little bit
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  • #9,959
  • Jan 23, 2019 5:41am Jan 23, 2019 5:41am
Quoting badeel
Today my entry i m improving little bit {image}
sorry but I dont understand anything on your chart
you need to be more specific and highlight at least something, not everything
  • #9,960
  • Jan 23, 2019 8:33am Jan 23, 2019 8:33am
Quoting Malu
{quote} I think everyone has to find his own way on THE PATH. So if you are comfortable with that appoach it is fine. Regarding your point "splitting the risk" I would be with Rub: beeing long in all GBP pairs is multiplying the risk. For most of us the most important thing at the moment is learning, learning, learning applying PASR. Making money is a consequence then.

Oh, of course! My psychology is about a very very low drawdown... And i dont believe in Correlations... Yes, most of time if GBP is strong.. is going to move in the same direction.. but if the Pair is strong too... one is going to move and other is not.
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