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Strat's PASR Long Term, Stress Free Trading

  • #11,141
  • Mar 21, 2019 9:30am Mar 21, 2019 9:30am
Gold M5
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was no exit sign for me yet - however i have to go and i don't like to leave low timeframe trades unmonitored

comments are apprectiated, but i got the feeling that i kind of get to understand things...slowly...
https://twitter.com/BeauBuyer
  • #11,142
  • Edited 9:52am Mar 21, 2019 9:39am | Edited 9:52am
PASR SHOW ME THE WAY

Inserted Video


(A bit after my time!)

Easy as PASR

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15 YEARS OF PASR ON FOREX FACTORY!
  • #11,143
  • Mar 21, 2019 10:36pm Mar 21, 2019 10:36pm
Quoting strat
USDCAD {quote} Anyone else like the look of USDCAD? No. Why are you entering on a dragonfly doji? Also, read Post 10,945 and pay special attention to #2 to comply with Rule No. 1
I had my reasoning in my post, and have looked at the post you're referencing. Not really seeing what I'm missing, I see a test of support, price pushed down and was rejected but didn't quite make it back up to open on worker charts. Boss tested support and pushed up.
I did remove the pending order when I read this reply, I'm clearly not making the right choices.

Quoting Fxentropy
{quote} Your support is available 24/7? hehe...you do a good job anyway, and answering like this to anyone, its by far the most exclusive service from FF . True, sometimes you are a bit grumpy (lol) ....that's why i give you only 4 stars out of 5 This is how I picture you in my head, between those two: {image} {image} https://www.youtube.com/watch?v=gxRX2nqt4yc

If you're really keen there is a post where strat shows his stage persona in the old thread....
  • #11,144
  • Mar 21, 2019 11:23pm Mar 21, 2019 11:23pm
Quoting landax
I wanted to share with you, a psychological fact of MT4 that acts on me: I will show you the M5 trend, yesterday on GBPCAD, which was passing, a trend in saw tooth. On the first photo, we have an entry point with this bueb to the Stratshadow. In view of our painting at this time, we see that the price is already high and that one is probably in the end of the trend. {image} Except that it is not, on the second picture, we see my entry point, the trend is beautiful, and the entry point is very good. What I mean is that when we negotiate live, the...
landax, I am a bit late, but here is a little helper, which auto adjusts top and bottom margin for you - even when you scroll through the charts.
Just set HeadMargin/TailMargin to the number of pixels you want to have as margin.

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Attached File(s)
File Type: ex4 FixedChartScale.ex4   9 KB | 413 downloads


Edit: this thing has its pro and cons - when you are using it, you can't adjust the chart anymore on your own via the y-axis drag (like bistolis adviced you). But maybe it fits your needs.
Accept the risk!
  • #11,145
  • Mar 21, 2019 11:47pm Mar 21, 2019 11:47pm
Quoting Rub
{quote} I had my reasoning in my post, and have looked at the post you're referencing. Not really seeing what I'm missing, I see a test of support, price pushed down and was rejected but didn't quite make it back up to open on worker charts. Boss tested support and pushed up. I did remove the pending order when I read this reply, I'm clearly not making the right choices. {quote} If you're really keen there is a post where strat shows his stage persona in the old thread....
where where where.....
"What would you attempt to do, if you knew your success was a certainty?"
  • #11,146
  • Mar 22, 2019 12:21am Mar 22, 2019 12:21am
Quoting Fxentropy
{quote} where where where.....
If you're hinting at support, I had it as the bottom of a weekly control candle and at boss support. Also closed above the top of the strat shadow, so I don't really get where I'm going wrong, unless it's the doji, which I read as a rejection of that support.
  • #11,147
  • Mar 22, 2019 1:57am Mar 22, 2019 1:57am
DAXunet & NQnet

That's LOVE in pure form!
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,148
  • Mar 22, 2019 5:18am Mar 22, 2019 5:18am
Made a killing
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,149
  • Mar 22, 2019 6:09am Mar 22, 2019 6:09am
Quoting Fxentropy
Made a killing {image} {image} {image} {image}
Terrific! What are those instruments like at 6am West Coast time?
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,150
  • Mar 22, 2019 7:15am Mar 22, 2019 7:15am
Quoting Rub
{quote} If you're hinting at support.
Think he's talking about Strat's stage persona......
If at first you don't succeed, try, try again.
  • #11,151
  • Mar 22, 2019 7:36am Mar 22, 2019 7:36am
Quoting strat
{quote} Terrific! What are those instruments like at 6am West Coast time?
That is their time of action in fact! hehe...
"What would you attempt to do, if you knew your success was a certainty?"
  • #11,152
  • Mar 22, 2019 8:11am Mar 22, 2019 8:11am
first trade for today....

thought price would show some bullish action around the confluence of fib 23.6%, major support, 72 and 20 MA's as im trying to find trades off of some form of confluence. entered after confirmation of BUEB/hammer which bounced off the 38.2% fib retrace.

now for the bad news and not following my plan which was trading BASIC PASR, support to 1st resistance. see 4th chart......
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If at first you don't succeed, try, try again.
  • #11,153
  • Mar 22, 2019 8:39am Mar 22, 2019 8:39am
PASR

Quoting Alesiosc
{quote} Strat....its not me, its you and your wonderful method....ok....ill take 1% of the praise....the rest is you... thanks once again. PS. i do need to work on some discipline as i find myself straying from the method every now and again. but, given that i have only been reading The Path for around a month now, im happy to give myself a pat on the back.... last chart for today....ive had enough now.... {image}
i do need to work on some discipline as i find myself straying from the method every now and again.

And THAT will be your downfall as it has been for so many others!

I can't wait for you to get to Step 4
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,154
  • Mar 22, 2019 9:28am Mar 22, 2019 9:28am
Hello Strat and traders, i have taken this trade today, and i would like to know if it fully complies with the rules of your trading aproach.
Any advice will be welcome.
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  • #11,155
  • Edited 11:07am Mar 22, 2019 9:29am | Edited 11:07am
Quoting strat
PASR {quote} i do need to work on some discipline as i find myself straying from the method every now and again. And THAT will be your downfall as it has been for so many others! I can't wait for you to get to Step 4
And THAT will be your downfall as it has been for so many others!
i have been here before Strat, 10 years ago. just around the time you started your first thread. i so wish i came across this thread back then when i gave up trading after losing £20k which wasnt mine to lose.....had an excellent system using tradestation and another software called hotpicks or something like that. because of some SEC rule that i couldnt daytrade more than 3 times in a day unless i had a minimum of £25k surplus to my trading money, which i didnt have at the time, i was Walking on Water at the time as my system trading stocks was so consistent i thought i could carry my good fortune over to forex as i was able to trade as many times as i liked in a day. to my horror i sunk with 3 months....so now, im starting with a slight head start and determined not to make the same mistakes. back then i was at my PC from 1pm GMT to 9pm GMT 5 days a week....now im at my pc for about 2-3 hours. i dont get as excited as i remember doing and dont allow the market to runaway and hope that it comes back...if its a loser i cut it short....no questions asked. this along with a few other things i implement tells me i am a much more mature trader than i was back in 2009. this is the way forward for me Strat. i am very grateful for your guidance too. you are truly one in a million.

I can't wait for you to get to Step 4
correct me if i am wrong but this tells me i have firmly progressed to Step 3. i can deal with that.
If at first you don't succeed, try, try again.
  • #11,156
  • Mar 22, 2019 1:10pm Mar 22, 2019 1:10pm
Quoting Incanus
Hello Strat and traders, i have taken this trade today, and i would like to know if it fully complies with the rules of your trading aproach. Any advice will be welcome. {image}
Hi
Your entry is not bad
a few things to consider though
it is friday and you entered after a big move
the best entry would be one candle earlier than the one you entered
EURUSD is not ideal for the lower timeframes

try the big movers for that
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  • #11,157
  • Mar 23, 2019 4:01am Mar 23, 2019 4:01am
Quoting Alesiosc
ive been looking at AUDUSD. could i be right in my analysis or am i having a Bond moment..... AUDUSD Weekly Hammer Dec 2018 with a close above support, BRN & lower Monthly TL. Long Term Trend UP. Price being supported by Monthly TL and support. Daily Hammer at support 0.7055 + confluence with BRN .7000. a stop loss below the daily hammer is way too much for me but with my eye on this, with a 50% retrace on the hammer i could manage a 150ish stop loss. Long target would be resistance 0.7893. Daily put in a double bottom with a slightly HL. Double...
Hi, Alesiosc

Just my some thoughts.

BB
Why you draw a up TL like that on Monthly?
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B
The H-L-LH structure didn't be broken.
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Worker
Is it a good chance to enter Short? Maybe it's not. The Price is trapped in WCC and the Support is too near. But I think the PA set is valid.
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Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #11,158
  • Mar 23, 2019 10:31am Mar 23, 2019 10:31am
Quoting Cj.cn
{quote} Hi, Alesiosc Just my some thoughts. BB Why you draw a up TL like that on Monthly? {image} B The H-L-LH structure didn't be broken. {image} Worker Is it a good chance to enter Short? Maybe it's not. The Price is trapped in WCC and the Support is too near. But I think the PA set is valid. {image}
hi Cj.cn....that looks like my chart for sure but the trend line doesnt look like mine.....my trend lines all extend to the edge of the chart. i have tried to shorten my trend lines before with no luck....something weird about that.....as for the other 2 charts Cj.cn i do not feel confident enough to guide you in your analysis as i am an absolute beginner on this Path...so sorry....hopefully one of the more qualified traders on here could chip in for you.....that trend line is really weird.....

EDIT: sorry, dont mean weird as it seems to be drawn correctly, just weird how it got there.....
If at first you don't succeed, try, try again.
  • #11,159
  • Mar 23, 2019 1:22pm Mar 23, 2019 1:22pm
Quoting Alesiosc
{quote} hi Cj.cn....that looks like my chart for sure but the trend line doesnt look like mine.....my trend lines all extend to the edge of the chart. i have tried to shorten my trend lines before with no luck....something weird about that.....as for the other 2 charts Cj.cn i do not feel confident enough to guide you in your analysis as i am an absolute beginner on this Path...so sorry....hopefully one of the more qualified traders on here could chip in for you.....that trend line is really weird..... EDIT: sorry, dont mean weird as it seems to...
The yellow line is the up Trend Line I redrawed on Monthly.
Don't Rush Things, Be PATIENT and Wait For the Best Trade Setup
  • #11,160
  • Mar 23, 2019 3:27pm Mar 23, 2019 3:27pm
Quoting Cj.cn
{quote} Hi, Alesiosc Just my some thoughts. BB Why you draw a up TL like that on Monthly?
So sorry Cj.cn. you really have me confused......if that is your TL, where is the one you say I drew.......
If at first you don't succeed, try, try again.
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