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Strat's PASR Long Term, Stress Free Trading

  • #10,441
  • Feb 20, 2019 8:12am Feb 20, 2019 8:12am
Quoting BeyondTheSea
{quote} Ref the GBPNZD trade: Not many comments to add apart from well done and keep getting many more trades in.... 4 was your exit point and you can see that, also do not put too many (GREED and FEAR) levels on your chart.
Thanks for comment BTS. I am not sure if I am going to remove some, I will try to see which is less important SR and try to work from there.

M5 Bootcamp

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(1) Try to entry an established trend
(2) Got stopped out.
(3) Price closed below Strat Shadow, check if trend resumed
(4) Nope. Time to rest.

Bad discipline did not look for simple entry. Should have stay out on most of the charts.

As always, comments are welcomed and appreciated.
  • #10,442
  • Feb 20, 2019 9:25am Feb 20, 2019 9:25am
Quoting huatzhi
{quote} Thanks for comment BTS. I am not sure if I am going to remove some, I will try to see which is less important SR and try to work from there. M5 Bootcamp {image} (1) Try to entry an established trend (2) Got stopped out. (3) Price closed below Strat Shadow, check if trend resumed (4) Nope. Time to rest. Bad discipline did not look for simple entry. Should have stay out on most of the charts. As always, comments are welcomed and appreciated.
Hi
I was looking at the same chart this morning for a paper trade but I didnt like the retracement marked with the first arrow and after the candle on the second arrow I quit.
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I was on and off on the charts and I missed some entries for a couple of pips
  • #10,443
  • Feb 20, 2019 10:10am Feb 20, 2019 10:10am
Quoting Cj.cn
USDCAD BigBoss 20EMA as Support {image} Boss BUEB and Closed above StratShadow {image} Work Entry as the order was triggled {image} Am i hurried? Any comments welcome. thanks
In addition to the comments from LR, Rub and Terry, I do not understand why you want to trade a pair which has no clear direction from the Big Boys. We need to trade pairs which are actively being bought/sold on one direction, which clearly, USDCAD is not. The probability of success (profit) in a directionless pair is 50/50 - a coin toss. We need to find pairs which have a high probability of profit.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,444
  • Feb 20, 2019 10:11am Feb 20, 2019 10:11am
CadJpy Counter Trend Trade

Still paper trading. Closed trade today.

Regards
Pete
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  • #10,445
  • Feb 20, 2019 10:16am Feb 20, 2019 10:16am
Quoting LuisRicardo
{quote} From my point of view, there is no trend in the BigBoss, the blue arrow was the trend breaking a strong support and moving from one consolidation area to another. I see very possible that the price will touch the resistance again. {image}
PRICE structure on the Big Boss is L - H - HL so it would be normal to expect a HH or, at least, the same High but this is GBP and BREXIT so who knows?
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,446
  • Feb 20, 2019 10:19am Feb 20, 2019 10:19am
EurAud Basic PASR Trade

Still paper trading. Closed trade today. Should have closed it three days ago.

Regards
Pete
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  • #10,447
  • Edited 11:09am Feb 20, 2019 10:26am | Edited 11:09am
Quoting huatzhi
M5 Bootcamp This time I am getting my SR ready, since bank is holiday today, probably low volatility. (Though there is another pair that do better that I checked after I finished my M5 bootcamp) {image} {image} (0) The confirmation of price is in downward momentum (for me), though I wasn't looking at the chart that time. (1) First entry, simple and obvious (2) entry that show resist to Strat Shadow (3) BEOB close below Strat Shadow (4) Entry doji resist to Strat Shadow (5) Entry close below Strat Shadow (6) I kind of confirm price is not going down...
(1) First entry, simple and obvious

But not smart! That was a BIG candle and FAR from the 20 giving you a large Stop Loss relative to R:R

(2) entry that show resist to Strat Shadow

Why would you sell after a Hammer?

(4) Entry doji resist to Strat Shadow

Why? Buyers are STILL buying

(6) I kind of confirm price is not going down anymore, but for some reason I decide to wait to see what happen next.
(7) Confirmed price not going down anymore. Exit.

LEARN PASR and UNDERSTAND what a Hammer means in PASR

Need more practice.

Much more AND much better application of PASR
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,448
  • Feb 20, 2019 10:41am Feb 20, 2019 10:41am
AudNzd Analysis

BigBoss:

Strat Shadow negative, Primary Trend down

Boss:

Strat Shadow negative, Primary Trend down. Last week closed below WCC. This week although not closed yet, price retracing.

Worker:

Strat Shadow negative, Price in process of retracing towards bottom of WCC and Resistance. Looking for PASR at bottom of WCC Resistance to go short.

Regards
Pete
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  • #10,449
  • Feb 20, 2019 10:47am Feb 20, 2019 10:47am
Quoting huatzhi
M5 Bootcamp EURNZD {image} (1) Downward confirmation (2) Retest of Strat Shadow (3) It is still in consolidation rather, exit as I don't feel this pair. [Considering the low vol and the spread, I think this is probably a losing trade] GBPNZD {image} (1) BUEB retest previous resistance (white lines SR coming from higher TF) (2) BUOB doing the same thing (3) BUOB testing Strat Shadow --> A GBP Breaking News Happen (4) Found resistance, watching for long enough, time to rest Afterthought: I should just stop trading against the major trend already,...
M5 Bootcamp EURNZD

Learn to READ and UNDERSTAND how each pair behaves BEFORE you attempt to trade it. How do you SEE PRICE behaving relative to the 200? Why would YOU want to trade AGAINST that behaviour?

GBPNZD

--> A GBP Breaking News Happen

Are you so experienced now that you can trade AHEAD of a news event?

(1) BUEB retest previous resistance (white lines SR coming from higher TF)
(2) BUOB doing the same thing
(3) BUOB testing Strat Shadow

Learn, study and UNDERSTAND how PRICE behaves in a trend AND in and around the Strat Shadow!

[Considering the low vol and the spread, I think this is probably a losing trade]

How can making 131 pips be a losing trade?
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,450
  • Feb 20, 2019 10:51am Feb 20, 2019 10:51am
Quoting Alesiosc
I cannot, for the life of me, tell where to send you a PM Strat. I hope you don't mind me posting it here. It seems the thread has moved on since the 1st one and everything seems, from the few pages I've read, just focused more on trading posts than some traders stories. "Hello Strat. my is Cameron. I am on post #1118 of The Path thread at the moment, having also read up to around post #400 on J16's thread on PA. I have just read Nicola's story from where she has arisen from and the psychological battle she went through. Something I can fully relate...
I cannot, for the life of me, tell where to send you a PM Strat

That is because I have disabled PMs so that I have a life!

Keep reading, learning, studying and understanding THE PATH while at the same time, keeping abreast of current events on this thread.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,451
  • Feb 20, 2019 10:54am Feb 20, 2019 10:54am
Quoting BeyondTheSea
USDCAD Sore thumb.. {image} M5 {image} Fish n Chips ready, dog needs walking and BRN approaching. I'm out..
You can't beat a quickie Basic PASR before greasy Fish n Chips, Nathan! I hope you had mushy peas and curry sauce too! (how I miss them)
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,452
  • Feb 20, 2019 11:00am Feb 20, 2019 11:00am
[quote=BeyondTheSea;12021335]USDCAD Sore thumb..
USDCAD Sore thumb..

Hi BTS

Agreed.... and just stepping away from the highway a bit...

Regards
Pete
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  • #10,453
  • Feb 20, 2019 11:04am Feb 20, 2019 11:04am
Quoting huatzhi
{quote} Thanks for comment BTS. I am not sure if I am going to remove some, I will try to see which is less important SR and try to work from there. M5 Bootcamp {image} (1) Try to entry an established trend (2) Got stopped out. (3) Price closed below Strat Shadow, check if trend resumed (4) Nope. Time to rest. Bad discipline did not look for simple entry. Should have stay out on most of the charts. As always, comments are welcomed and appreciated.
(2) Got stopped out.

You are not watching how PRICE behaves in a trend! You should have got out with a stop above the high of that green inside candle, 3 candles after your entry

(3) Price closed below Strat Shadow, check if trend resumed

NO - PRICE closed at SR!

Bad discipline did not look for simple entry. Should have stay out on most of the charts.

Learn how PRICE behaves in a trend.

What happens to PRICE after the end of a trend?

Learn to recognise CONSOLIDATION

Learn PATIENCE to WAIT for correct trend conditions

Learn NOT to trade in consolidation.
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,454
  • Feb 20, 2019 11:08am Feb 20, 2019 11:08am
Quoting bistolis
{quote} Hi I was looking at the same chart this morning for a paper trade but I didnt like the retracement marked with the first arrow and after the candle on the second arrow I quit. {image} I was on and off on the charts and I missed some entries for a couple of pips
I didnt like the retracement marked with the first arrow and after the candle on the second arrow I quit.

Good!

I haven't been able to find anything today which is why I can spend time on here. Talk about a mess - wow!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,455
  • Feb 20, 2019 11:09am Feb 20, 2019 11:09am
Quoting JCMPete
CadJpy Counter Trend Trade Still paper trading. Closed trade today. Regards Pete {image}
Good to get your feet wet, Pete
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,456
  • Feb 20, 2019 11:13am Feb 20, 2019 11:13am
Quoting JCMPete
EurAud Basic PASR Trade Still paper trading. Closed trade today. Should have closed it three days ago. Regards Pete {image}
What time frame?
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,457
  • Feb 20, 2019 11:44am Feb 20, 2019 11:44am
NQ
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,458
  • Feb 20, 2019 1:13pm Feb 20, 2019 1:13pm
Quoting strat
{quote} What time frame?
Hi Strat

This is looking at it from a 4 Hour perspective. My original perspective and intent was trading the weekly swing on the daily but before we get there I need to step back a bit...

Big Boss:

Strat Shadow positive. Retracement on go back to Strat Shadow. No PA as yet on Strat Shadow or Support indicating that the upward trend is resuming.

Boss:

Strat Shadow postive. Confirmed high in place and retracement back to Strat Shadow and a big wobble ending in a WCC when price hit the Strat Shadow and now within Strat Shadow within WCC. Primary trend is still down but counter to Big Boss and Boss longer term trend and positive Strat Shadow.

Worker:

The trend being down from the confirmed high on the Boss I was looking to enter short even though this is a Big Boss, Boss counter trend trade. My argument being a confirmed low on the Boss will show that the price has stopped going down. The Doji's with long upper wicks when price started wobling looked like a good place to start going short. Not having great PA I decided to drop down to the 4 hour frame and entered short indicated by the blue arrow.

Strictly Trading Countertrend Basic PASR I should have exited at the bluecircle when price hit Support. But in my mind I was trading the weekly swing on the worker. On that frame no exit was indicated yet so I stuck in there BUT KEPT ON WATCHING ON THE 4HOUR FRAME how the price went up and down. I I was trading the 4hour frame I essentialy could have done the same trade three times. But I was THINKING I was trading the weekly swing on the worker and hoping for more down side and really should still be in the trade if I was trading that frame.

Dunno if this makes sense but the fact that this was counter to the Strat Shadow on Big Boss and Boss and watching on 4 hour instead of Worker after I entered and having price fluctuation up and down gave me cold feet and I decided to call it a day while I was ahead. According to my plan I should havestuck it out until I had a confirmed low on the Boss.

Regards
Pete
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  • #10,459
  • Feb 21, 2019 9:19am Feb 21, 2019 9:19am
Quoting bistolis
{quote} Hi I was looking at the same chart this morning for a paper trade but I didnt like the retracement marked with the first arrow and after the candle on the second arrow I quit. {image} I was on and off on the charts and I missed some entries for a couple of pips
Thanks bistolis for comment. I will be aware of those from now on, hopefully I don't forget about these again.

Quoting strat
{quote} (1) First entry, simple and obvious But not smart! That was a BIG candle and FAR from the 20 giving you a large Stop Loss relative to R:R (2) entry that show resist to Strat Shadow Why would you sell after a Hammer? (4) Entry doji resist to Strat Shadow Why? Buyers are STILL buying (6) I kind of confirm price is not going down anymore, but for some reason I decide to wait to see what happen next. (7) Confirmed price not going down anymore. Exit. LEARN PASR and UNDERSTAND what a Hammer means in PASR Need more practice. Much more AND much...
Alright, avoid initial entry on large candle.

Why would you sell after a Hammer? Was gonna answer until I restudy the chart. It is just plain bad.

I need to practice more and not throwing basics of PASR out of the window when doing it. It feel like its something that I already known but it practically doesn't sink in brain enough that it just lost.

Quoting strat
{quote} M5 Bootcamp EURNZD Learn to READ and UNDERSTAND how each pair behaves BEFORE you attempt to trade it. How do you SEE PRICE behaving relative to the 200? Why would YOU want to trade AGAINST that behaviour? GBPNZD --> A GBP Breaking News Happen Are you so experienced now that you can trade AHEAD of a news event? (1) BUEB retest previous resistance (white lines SR coming from higher TF) (2) BUOB doing the same thing (3) BUOB testing Strat Shadow Learn, study and UNDERSTAND how PRICE behaves in a trend AND in and around the Strat Shadow! [Considering...
How do you SEE PRICE behaving relative to the 200? This? I am not sure I got it right. I will study it from now on.
Attachment g

Are you so experienced now that you can trade AHEAD of a news event? No. There was no scheduled red or orange news around that time, it was a random news appeared out of nowhere.

How can making 131 pips be a losing trade? I accidentally paste the same line again on that post. Sorry.


Quoting strat
{quote} (2) Got stopped out. You are not watching how PRICE behaves in a trend! You should have got out with a stop above the high of that green inside candle, 3 candles after your entry (3) Price closed below Strat Shadow, check if trend resumed NO - PRICE closed at SR! Bad discipline did not look for simple entry. Should have stay out on most of the charts. Learn how PRICE behaves in a trend. What happens to PRICE after the end of a trend? Learn to recognise CONSOLIDATION Learn PATIENCE to WAIT for correct trend conditions Learn NOT to trade in...
I was studying my mistakes along the way while I was writing this posts so it took quite awhile.

Learn how PRICE behaves in a trend.

What happens to PRICE after the end of a trend?

Learn to recognise CONSOLIDATION

Learn PATIENCE to WAIT for correct trend conditions

Learn NOT to trade in consolidation.

I'll restudy and post my study of these topics along with practices for next few days to see if I get anywhere close to get it right.


M1 Bootcamp

This is done before I read the thread. So I probably still making some similar mistakes.

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(A) Show potential strong momentum to upside, something happened before I start looking at chart.
(0) A sign of trend could already started.
(1) (2) (3) 3 BEEB that against the trend.
(4) I still entry on Hammer anyway, it is a strong hammer retesting the psychological level.
(5) Shooting Star-ish candle, but the price does not close below this candle afterward.
(6) BEOB, but the wick show that buyers are still buying
(7) Strat shadow support the BUEB toward the past 5 candle highest close.
(8) BUOB on previous high
(9) BUEB from SR carried from earlier
(10) BEOB start appearing again.
(11) BUEB from previous high, the wick show that there are seller around.
(12) Shooting star on SR (may be I should've exit here or (14)), followed by BEOB as well.
(13) Doesn't make a higher low, long upper wick, indicate that the trend could be ending.
(14) BEOB (for some reason I did not exit immediately)
(15) Strong indication of downward momentum, exit.

As always, comments are welcomed and appreciated.
  • #10,460
  • Feb 21, 2019 9:30am Feb 21, 2019 9:30am
Quoting JCMPete
{quote} Hi Strat This is looking at it from a 4 Hour perspective. My original perspective and intent was trading the weekly swing on the daily but before we get there I need to step back a bit... Big Boss: Strat Shadow positive. Retracement on go back to Strat Shadow. No PA as yet on Strat Shadow or Support indicating that the upward trend is resuming. Boss: Strat Shadow postive. Confirmed high in place and retracement back to Strat Shadow and a big wobble ending in a WCC when price hit the Strat Shadow and now within Strat Shadow within WCC. Primary...
Hi Pete,

Here just my view. It could go further down, but then even if it does, then you are not trading Basic PASR anymore. Basic PASR is just trade from one SR to another SR.
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