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Strat's PASR Long Term, Stress Free Trading

  • #10,041
  • Jan 25, 2019 7:40am Jan 25, 2019 7:40am
Entry in EURJPY
Attached Image (click to enlarge)
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  • #10,042
  • Jan 25, 2019 7:56am Jan 25, 2019 7:56am
Quoting strat
{quote} Good job, Markus, but what was wrong with the CLASSIC Hammer entry, 4 candles before your first entry on EURGBP M5?
Thanks Strat. The hammer also caught my interest, but is was before (or close to) London opening, so I decided to wait for the next entry.
Greetings, Markus.
  • #10,043
  • Jan 25, 2019 8:00am Jan 25, 2019 8:00am
Quoting strat
{quote} Markus - you know me too well!
Although we all don't know each other personally, we still "know" among each other in the way we communicate and chat here.
At least when we are all on the PATH for a Long time - with your help and support, of course.
  • #10,044
  • Jan 25, 2019 8:11am Jan 25, 2019 8:11am
Quoting Malu
{quote} Although we all don't know each other personally, we still "know" among each other in the way we communicate and chat here. At least when we are all on the PATH for a Long time - with your help and support, of course.
Hahaha i believe that everyone thinks that im a crazy trader
  • #10,045
  • Jan 25, 2019 8:12am Jan 25, 2019 8:12am
Quoting strat
{quote} That's good for PASR traders - more liquidity. PASR RULE #1 - CAPITAL PRESERVATION PASR traders NEVER, EVER, add on to LOSING positions. PASR traders add on ONLY after previous positions are IN PROFIT.
Last update on this guy
I can't help myself not sharing this
Attached Image (click to enlarge)
Click to Enlarge Name: no1.jpg Size: 361 KB

He is not done yet. there is still hope. the market is not closed yet
  • #10,046
  • Jan 25, 2019 8:17am Jan 25, 2019 8:17am
Quoting bistolis
I was browsing some live streams and stumbled on this {image} 1. too many trades in all directions 2. trying to predict a reversal 3. adding on losing trades well at least no indicators

hahaha i found him...

"
About Me:
I'm 24 From Maui Hawaii.
Been Trading/Investing since 2015
IG: @Philipn########

"

He is trading since 2015.. 4 Years and still in the World of Hedge and Grid hahaha... Sad for Him and sad for the others if for one reason anyone watch him in a profitable day and He sell trash stuff.
  • #10,047
  • Jan 25, 2019 8:27am Jan 25, 2019 8:27am
Quoting HappyTrend
{quote} hahaha i found him... " About Me: I'm 24 From Maui Hawaii. Been Trading/Investing since 2015 IG: @Philipn######## " He is trading since 2015.. 4 Years and still in the World of Hedge and Grid hahaha... Sad for Him and sad for the others if for one reason anyone watch him in a profitable day and He sell trash stuff.
He even kept increasing his lot size ..nice trading..
Focus, Patience, Discipline, Determination and Perseverance
  • #10,048
  • Jan 25, 2019 8:32am Jan 25, 2019 8:32am
Quoting Suran
{quote} He even kept increasing his lot size ..nice trading..
Well i only watch him and leave it. Everyone knows what is the truth about MartinGale and Grid.
  • #10,049
  • Jan 25, 2019 9:12am Jan 25, 2019 9:12am
Quoting bistolis
{quote} Last update on this guy I can't help myself not sharing this {image} He is not done yet. there is still hope. the market is not closed yet
He should be on a margin call which will shut his trades down
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,050
  • Jan 25, 2019 9:12am Jan 25, 2019 9:12am
Quoting HappyTrend
{quote} Well i only watch him and leave it. Everyone knows what is the truth about MartinGale and Grid.
When it blows up it can be spectacular..

I have been going over my trades so.far this month. Have isolated a couple problem areas. Sometime this weekend I .will post a few showing the issue.

Have a good weekend all.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #10,051
  • Jan 25, 2019 7:47pm Jan 25, 2019 7:47pm
Quoting HappyTrend
{quote} Well i only watch him and leave it. Everyone knows what is the truth about MartinGale and Grid.
Not me.to be honest. Just only now I am reading about it (martingale). I never went after those bul#*t.
Focus, Patience, Discipline, Determination and Perseverance
  • #10,052
  • Jan 25, 2019 10:13pm Jan 25, 2019 10:13pm
Quoting Suran
{quote} Not me.to be honest. Just only now I am reading about it (martingale). I never went after those bul#*t.
MartinGale is similar of Grid...

GRID:

You open a position for example 1 contract.

For example: You Buy... the price go against you.. and you buy again with the same contract... the price go against you.. and the Gird is for example you set each 20 pips of distance and every 20 pips against you.. you continue open buy positions.. until your trade go to profits or... blow your accoubt...

Martingale is similar but in here you are incrasing the lotsizes.. i mean, you entry 1 contract... and after # pips you entry with 2 contracts... after # pips you entry with 4 contracts... 8 contracts... until your trade go to Profits or blow your account...

A lot of people (those of 95% of lossers) use that because qhen the market is in ranging... they made profits.. with big contracts.. when the price reverse.. and they are in profits.. sometimes they made a good profits with all those contracts.. but that is temporaly.. Because 100% of those traders who do that.. soon or later blow their account... when the price start to trend and then is a mega trend without pullbacks.. all of them are gone.

So a lot of scammers sell EAs of Martingale.. they create accounts.. and if in one month they made profits.. they use that account for sell... but if you ask to a seller his myfxbook and if they show to you.. you are going to see that the history of that account is not more of 6 months.. or less sometimes they not survive 1 month...

Like strat says.. we need them for liquidity hahaha... just think how many blow their account with the movement of JPY.. all who use martingale, grid.... and they say that isnt their fault.. that was fault of "manipulate markets"... when WE using PASR... my target was fill of those pairs...
  • #10,053
  • Edited 5:46am Jan 26, 2019 4:38am | Edited 5:46am
Quoting HappyTrend
{quote} MartinGale is similar of Grid... GRID: You open a position for example 1 contract....

I see. That's why he kept increasing his lot size.
About scammers... when poor guys (who coming to FX market for quick money ) who sees the profit they make..they will be blown away.But they do not know amount they loose. And think this is sure way to get rich quick..

Thanks a lot for the detailed explanation.
Focus, Patience, Discipline, Determination and Perseverance
  • #10,054
  • Jan 26, 2019 10:03am Jan 26, 2019 10:03am
Quoting Suran
{quote} I see. That's why he kept increasing his lot size. About scammers... when poor guys (who coming to FX market for quick money ) who sees the profit they make..they will be blown away.But they do not know amount they loose. And think this is sure way to get rich quick.. Thanks a lot for the detailed explanation.
Your Welcome Suran.

And yes... People want to be a Trader and win very high Profits %%% they overtrading, oversize, dont know anything about money management... and they dont know how to close a lossing trade.. so they keep opening a new trades and PRAYING... until one of 2 things:

1) Price reverse and they exit in profit...
2) Price go in to a trend and their account close (margincall).


But Still.... Exist people who have faith on it... and the only thing that happen is that... Lossing all their money.


To that Trader who was streaming.. i was reading in the Chat, that a "person" (i believe, is the seller) give him the EA.. (And i read.. that He called that is not a E.A. is an "I.A.") from that you know that he got scammed buying something with a "washbrain".. And then i read that the Scammer, Told him to do not do anything and thats it... after a while... His positions start to close (margincall) and then He put off the stream. That always happen 100% of the times. HELLO DR. JOE! THANK YOU FOR REMEMBER WHEN STOP BUYING OR SELLING.
  • #10,055
  • Jan 26, 2019 11:53am Jan 26, 2019 11:53am
Quoting HappyTrend
{quote} Your Welcome Suran. And yes... People want to be a Trader and win very high Profits %%% they overtrading, oversize, dont know anything about money management... and they dont know how to close a lossing trade.. so they keep opening a new trades and PRAYING... until one of 2 things: 1) Price reverse and they exit in profit... 2) Price go in to a trend and their account close (margincall). But Still.... Exist people who have faith on it... and the only thing that happen is that... Lossing all their money. To that Trader who was streaming.....

I am familiar with what an EA is...Expert Advisor...I think.

Now an IA....Idiot Advisor?
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #10,056
  • Jan 26, 2019 12:57pm Jan 26, 2019 12:57pm
Quoting Rufus
{quote} I am familiar with what an EA is...Expert Advisor...I think. Now an IA....Idiot Advisor?
Hahaha yes.. i believe the scammer sell to him the EA.. and maybe he buy it thinking that is an "Artificial Intelligence" but whatever.. His account only survive a few hours. Lol.

EAs, Martingale, Grid, and similars are deserve to loss. (AND WE NEED THOSE TRADERS FOR PASR PROFITS.)
  • #10,057
  • Jan 27, 2019 10:48am Jan 27, 2019 10:48am
Quoting Scrumy
{quote} Hey Svolacius, thanks for your answer. As I already have a premium membership, I will do it the other way round . TV helps me at my current stage a lot to scan through the pairs, just by using shortcuts (Spacebar, Alt+Enter to add the pair to my watchlist etc.) and having multi timeframe and also while drawing objects they get reflected on all other timesframes/chart windows on that pair. As soon as a tool adds value to my process I am willing to pay, which TV currently does to me.
MT4

Picking up a post of me from November as I have an update on this. I use TradingView to do my end of week analysis for long term, stress free trades, because of it's ease of use. But I came across an MT4 tool, which saves a lot of time for me switching through the pairs and timeframes, which lets even TradingView look old. It might help you guys as well.

It enables you to define up to 20 pairs, through which you can just toggle via the arrow functions (up, down) and it also enables you to toggle between the timeframes (left arrow - lower timeframe, right arrow - higher timeframe). Fully configurable.

Attached File(s)
File Type: ex4 timepair_change.ex4   40 KB | 384 downloads


The configuration looks like this:
Attached Image (click to enlarge)
Click to Enlarge Name: terminal_2019-01-27_19-45-50.png Size: 47 KB
Accept the risk!
  • #10,058
  • Jan 27, 2019 11:40am Jan 27, 2019 11:40am
Quoting Scrumy
{quote} MT4 Picking up a post of me from November as I have an update on this. I use TradingView to do my end of week analysis for long term, stress free trades, because of it's ease of use. But I came across an MT4 tool, which saves a lot of time for me switching through the pairs and timeframes, which lets even TradingView look old. It might help you guys as well. It enables you to define up to 20 pairs, through which you can just toggle via the arrow functions (up, down) and it also enables you to toggle between the timeframes (left arrow - lower...
looks like a convenient little tool
but in the end it all depends on your personal preferences.
  • #10,059
  • Jan 27, 2019 1:27pm Jan 27, 2019 1:27pm
EURNZD

Big Boss:

  1. ranging between 1.725 and 1.66
  2. last month down to 1.62 (level of Oct 2017 as well).


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDMonthly.png Size: 71 KB


Boss:

  1. last week closed as BEOB, Price below Strat Shadow
  2. but approaching significant 1.66 level.


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDWeekly.png Size: 82 KB


Worker:

  1. Price rejected resistance at 1.677
  2. closed below all the wicks the couple of days before


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZDDaily.png Size: 75 KB


Plan:
Wait for PA at 1.66. Train left already on Tuesday (the sore thumb BEOB, where price was rejected at Strat Shadow).
Accept the risk!
  • #10,060
  • Jan 27, 2019 2:19pm Jan 27, 2019 2:19pm
Quoting Scrumy
EURNZD Big Boss: ranging between 1.725 and 1.66 last month down to 1.62 (level of Oct 2017 as well). {image} Boss: last week closed as BEOB, Price below Strat Shadow but approaching significant 1.66 level. {image} Worker: Price rejected resistance at 1.677 closed below all the wicks the couple of days before {image} Plan: Wait for PA at 1.66. Train left already on Tuesday (the sore thumb BEOB, where price was rejected at Strat Shadow).
This pairs is on my watch list for the week too. I had entered a position on the 17th that I closed when it nearly hit my stop loss, but of course it never hit that level and would now be in profit.

I'm looking for it to break lower and test ~1.6350
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