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Strat's PASR Long Term, Stress Free Trading

  • #10,621
  • Mar 3, 2019 12:57am Mar 3, 2019 12:57am
Quoting Scrumy
For the 10 YEAR ANNIVERSARY of PASR on Forex Factory I did so....
Amazing!!!!!
If at first you don't succeed, try, try again.
  • #10,622
  • Mar 3, 2019 2:37am Mar 3, 2019 2:37am
Quoting Scrumy
For the 10 YEAR ANNIVERSARY of PASR on Forex Factory I did some number crunching. Here we go: Total Posts: 32.215 PARTICIPANTS Number of participants: 1.005 Number of paricipants with 10 posts or less: 736 (75% of all participants) And for New Thread only Number of participants: 290 Number of participants with 10 posts or less: 210 (72% of all participants) TOP POSTERS Top 10 Posters by number of total posts 10663 Posts by strat 724 Posts by patrick25 710 Posts by trogger...
nice work
  • #10,623
  • Mar 3, 2019 3:02am Mar 3, 2019 3:02am
Quoting BeyondTheSea
{quote} How do you find DAX? My broker has just introduced it as a CFD. PS was that a stop and reverse type trade management/hedge trade?
I love trading DAX.

I trade all signals as it comes, without bias mostly, as the sentiment on M5/M1 can rapidly change. Sometimes I sell the market & then - when in profit - I get to see we have arrived at some sort of support (H4 or H1), I enter long without questioning too much to see if I also get a long signal... I execute that long trade and use it as a hedge for short while I take some volumes off short. This way I am dancing with the market when/if its in ranges.

The main trick here is to be sure we are in a range market.....and that often appear after a relative big move in the market - or after news, or even at the end of a session (LO or NY)

Below is H1 with zoom on M5
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,624
  • Mar 3, 2019 1:11pm Mar 3, 2019 1:11pm
Quoting Fxentropy
{quote} I love trading DAX. I trade all signals as it comes, without bias mostly, as the sentiment on M5/M1 can rapidly change. Sometimes I sell the market & then - when in profit - I get to see we have arrived at some sort of support (H4 or H1), I enter long without questioning too much to see if I also get a long signal... I execute that long trade and use it as a hedge for short while I take some volumes off short. This way I am dancing with the market when/if its in ranges. The main trick here is to be sure we are in a range market.....and that...
Interesting, I think I get the gist of it. Thanks for sharing
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #10,625
  • Mar 3, 2019 2:59pm Mar 3, 2019 2:59pm
Quoting LuisRicardo
{quote} Hi Alesiosc, My comments to your chart: The consolidation area....
Appreciate the comments Luis. Thanks.

Cheers....
If at first you don't succeed, try, try again.
  • #10,626
  • Edited 3:52pm Mar 3, 2019 3:11pm | Edited 3:52pm
Quoting strat
M5 PASR {quote} I would say that the candle marked at No. 1 in the chart is already a reason to exit the trade. Large tail, small wick, sellers getting out their positions and bulls getting long. Well done Scrumy, and very disappointed that you are the only one to inquire on this. You hit the nail on the head! The only thing to add is because the pull back to the Strat Shadow was so severe after ""1"", PASR gave us another opportunity to sell short back to the bottom of candle ""1"".
I have been thinking about this for days ...the pull back to the Strat Shadow was so severe after ""1"", PASR gave us another opportunity to sell short back to the bottom of candle ""1"".

I think it has something to do with "UNDERSTAND how PRICE reacts IN and AROUND the Strat Shadow in a TREND." Post 5857.

Another thing - my way on THE PATH

Currently I am a bit lost. I don't feel comfortable with LT trades (Worker and above), maybe it is because I am too impatient. And for learning purposes it takes too long to get a valid set up (from a beginners point of view).

H1 and - in parallel - H4 stresses me a lot, cause London and NY is ongoing when I am at work. Could trade the second part of NY - but I should have a life as well. Tried M1 Bootcamps the last two weeks.

In general I am switching way too much between several Timeframes. Not doing consistently one thing. Therefore I will concentrate on H4 the next few weeks - also to understand the Power of Timeframes.

On Feb 22nd I wrote down to my trading journal "Trading is the hardest $%!t I ever did." Still confident, still on THE PATH, still reading every day. I had lots of important topics resolved lately. But Trading is definitely NOT easy, independent of PASR.
Accept the risk!
  • #10,627
  • Mar 4, 2019 2:22am Mar 4, 2019 2:22am
Early scalp trades (LO)
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"What would you attempt to do, if you knew your success was a certainty?"
  • #10,628
  • Mar 4, 2019 5:51am Mar 4, 2019 5:51am
Can anyone recommend any good authors or books on Price Action please.

Cheers
If at first you don't succeed, try, try again.
  • #10,629
  • Mar 4, 2019 6:59am Mar 4, 2019 6:59am
Quoting Rub
Some thoughts on gold. I keep an eye on it, but rarely trade it. The position size calculators always seem to come up with the wrong size for the percentage I want to use. Currently in a range, having stalled at the top it looks to be headed back down, but I don't really see an opportunity to enter and there's support right there. {image} {image} {image}
Rub, In my opinion next bar was better.

Price bounced of the StratShadow failed and dived in
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  • #10,630
  • Edited 7:14am Mar 4, 2019 7:01am | Edited 7:14am
Quoting Scrumy
For the 10 YEAR ANNIVERSARY of PASR on Forex Factory
Hi everyone, and thanks to Scrumy for this amazing work.
I have not deserted this thread, I just lost my way a few months ago and I feel too beaten down for the moment. My losses are, by any account, gigantic, to a point I thought impossible.

Strat warned me against this time and time again, yet I thought I would be able to pace and control myself and carried on, letting my ego go wild.

I have this sentence resonating in my head for some time now: there is no one to save you, it's your own responsibility.

So I will do this, I will save myself. Not because I am smart, not because I am better than anyone, and I am neither, but because there is a PATH and I just need to follow it.

And with that I am back here, I will post regularly, no matter how bad and ashamed I feel for now. For I know that there is not a single endeavor worth undertaking in life that is a success through and through. The last 6 weeks of markets almost wiped me out, it was my responsibility to protect my capital in an environment that was less easy to read and understand. Actually, in hindsight, it wasn't hard to understand, I just had to sit on my hands most days.

Falling down 10 times is hard, but it can happen to all of us. But staying on the ground whining or getting up again is what defines us.

So, I am getting up again. Baby steps, but getting up.
  • #10,631
  • Mar 4, 2019 7:13am Mar 4, 2019 7:13am
M5 Speculation (Trade attempt)

I tried to use a small real money account to practice. I am somewhat not prepare enough to follow this setup. Missed it though.
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Though after it happened, i checked back, There are enough pauses to get into the trend on M1.
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M1 Trade

Meanwhile there is another practice attempt on M1 as the M5 USDCAD trend already start without me.
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(1) BUEB on Strat Shadow entry, simple and obvious
(2) Hammer on support, confluence with last high, but I did not entry. Little people tell me about don't risk too much with shooting star and BEOB on the left is in control.
(3) BEOB after shooting star-ish doji. Obvious exit. However, when it actually happen, I kind of "hope" that it's only a small wobble since it involve real money this time. The big push by seller kind of wake me out. Exit with panic on following candle when it run.

Still a small profit of a couple penny. More practice needed.
Any comments are welcome.
  • #10,632
  • Mar 4, 2019 7:24am Mar 4, 2019 7:24am
Quoting darko2010
{quote} Hi everyone, and thanks to Scrumy for this amazing work. I have not deserted this thread, I just lost my way a few months ago and I feel too beaten down for the moment. My losses are, by any account, gigantic, to a point I thought impossible. Strat warned me against this time and time again, yet I thought I would be able to pace and control myself and carried on, letting my ego go wild. I have this sentence resonating in my head for some time now: there is no one to save you, it's your own responsibility. So I will do this, I will save myself....
All I can say is: "You are not alone", Michael Jackson, 1995.

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At the end it is just money. And we should only invest what we are willing to loose. So we shouldn't destroy ourselves psychologically.
Accept the risk!
  • #10,633
  • Mar 4, 2019 7:39am Mar 4, 2019 7:39am
Quoting Scrumy
{quote} All I can say is: "You are not alone", Michael Jackson, 1995. https://youtu.be/pAyKJAtDNCw At the end it is just money. And we should only invest what we are willing to loose. So we shouldn't destroy ourselves psychologically.
Thanks Scrumy, although I am not looking for compassion, and I know I am not alone. Most stay in silence or lose their way, I refuse to do that.
I learned more in the last year through Strat's teaching about myself than in the last decades.
I want this to help the community, I want you all to understand that trading, like everything else in life, is about having a process AND following that process with discipline.

And you are right, this is just money. I will make it back, either through trading or otherwise. But the lesson will stay with me and this has no price.

This is something I shared with my kids, but I think part of it also addresses what trading is about:

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  • #10,634
  • Mar 4, 2019 7:48am Mar 4, 2019 7:48am
Quoting Alesiosc
Can anyone recommend any good authors or books on Price Action please. Cheers
If you prefer to learn PASR, follow the thread along the way. Finish both the old and new thread before other books maybe. Some recommended book by Strat are there along the way.

Quoting Alesiosc
hello all.....looking for a little encouragement here or some straight talking if i have anything wrong... this is by no means a potential trade. it is more an interpretation of how i am reading PA on this chart....my brain is getting frazzled with all the reading and learning this thread entails and i would just like to know from you more experienced PASR traders if im on the right track in as far as how i am interpreting PA. i feel i am but that could just be over confidence...... 1, first is the no no. the BOSS 20 & 50 are not in line so there...
Post chart of all 3 time frame if possible so we can see what you see. Volume indicator, probably is better to just not use it for now even if you're starting new.

BOSS 20 & 50 are not in line
This is the sign of price is pausing lately, shown by your price is ranging.

id look for some sort of PA for price to be rejected off this level back down to 1.7325.
How about following the price instead of predicting it? Since we are on daily chart, we need more of making current decision (trade or not trade? if yes, how will we trade it?) Since we are follower anyway. Follow the price rather than predicting it. (I actually genuinely get a bit frustrated when trying to read what is inside this chart as it is really a mess right now, would have just skipped).
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i would be looking for price to bounce off support 1.7325, (with qualifying PA)
May be we can discuss about it when it happen, really not much point talking about it now. (PASR wise, since we follow the market, follow the big boys, follow the price).

I'm still just your classmate next seat so, see if what the rest of us says as well.

Also with this messy chart,
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  • #10,635
  • Edited 12:48pm Mar 4, 2019 8:11am | Edited 12:48pm
BASIC PASR

Quoting BeyondTheSea
{quote} Interesting, I think I get the gist of it. Thanks for sharing
It seems that you have brain fade, Nathan, it's called BASIC PASR!

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,636
  • Edited 12:49pm Mar 4, 2019 8:15am | Edited 12:49pm
PASR

Quoting Alesiosc
Can anyone recommend any good authors or books on Price Action please. Cheers
Can anyone recommend any good authors or books on Price Action please.

Yes, STRAT

https://www.forexfactory.com/showthread.php?t=155459

https://www.forexfactory.com/showthread.php?t=708441

What do you think you will find in books which are PADDED with BULLSHIT and are only there to make money for the authors that you can't get on here for FREE?

This must be the MOST STUPID question ever asked on either of these threads!
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,637
  • Edited 12:49pm Mar 4, 2019 8:23am | Edited 12:49pm
10 YEAR ANNIVERSARY of PASR on Forex Factory

Quoting Scrumy
For the 10 YEAR ANNIVERSARY of PASR on Forex Factory I did some number crunching. Here we go: Total Posts: 32.215 PARTICIPANTS Number of participants: 1.005 Number of paricipants with 10 posts or less: 736 (75% of all participants) And for New Thread only Number of participants: 290 Number of participants with 10 posts or less: 210 (72% of all participants) TOP POSTERS Top 10 Posters by number of total posts 10663 Posts by strat 724 Posts by patrick25 710 Posts by trogger...
THANK YOU for all the time and effort you put into this Scrumy.

A very interesting statistic for me would be:

"How many threads in ""Trading Systems"" have come and gone during the 10 YEARS that PASR STOOD THE TEST OF TIME?"
15 YEARS OF PASR ON FOREX FACTORY!
  • #10,638
  • Edited 12:51pm Mar 4, 2019 8:38am | Edited 12:51pm
GBPUSD M5 PASR Trend Trading

Just turned out to be Basic PASR

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,639
  • Edited 12:52pm Mar 4, 2019 8:41am | Edited 12:52pm
GBPCAD M5 PASR Trend Trading

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15 YEARS OF PASR ON FOREX FACTORY!
  • #10,640
  • Mar 4, 2019 8:46am Mar 4, 2019 8:46am
Quoting strat
{quote} THANK YOU for all the time and effort you put into this Scrumy. A very interesting statistic for me would be: "How many threads in ""Trading Systems"" have come and gone during the 10 YEARS that PASR STOOD THE TEST OF TIME?"
Considering threads that have been inactive since 1st Jan 2019, that is 2.676 of 2.928 threads total.

So 91.4% of threads are "dead". (Edit: Math)
Accept the risk!
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