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Strat's PASR Long Term, Stress Free Trading

  • #11,221
  • Mar 30, 2019 10:01am Mar 30, 2019 10:01am
I have drawn on the weekly line chart dotted lines, classing these as my minor trendlines, but, strength wise classing them as strong S&R with the solid lines being classed as extra strong (a bit like Trebor. im sure you remember them).
I have then provided my final daily chart which shows how they would look finally. Would you suggest doing away with the monthly S&R as they have mainly just been drawn off swing highs & lows or what would your thoughts be. btw, there is an average of around 170 pips between each dotted S&R.
  • #11,222
  • Mar 30, 2019 10:02am Mar 30, 2019 10:02am
I will trade USD pairs onlyi have drawn on the weekly line chart dotted lines, classing these as my minor trendlines, but, strength wise classing them as strong S&R with the solid lines being classed as extra strong (a bit like Trebor. im sure you remember them). I will then provided my final daily chart which shows how they would look finally. would you suggest doing away with the monthly S&R as they have mainly just been drawn off swing highs & lows or what would your thoughts be. btw, there is an average of around 170 pips between each dotted S&R.
  • #11,223
  • Mar 31, 2019 3:17am Mar 31, 2019 3:17am
Quoting Fxentropy
Dax and Nasdaq {image} {image}
Hi,
Appreciate if you can share the trade manager that you are using.
Thanks
  • #11,224
  • Mar 31, 2019 8:48am Mar 31, 2019 8:48am
So this is my 12 year of trading Forex
Previously (a year and a half back) I had got to the point that I was easily making 3-6 % per month trading PSAR.
GREED people is a terrible emotion and off I went into Crypto’s, initially making good money in crypto’s.
Things like mining and Crypto bots soon sucked up a huge amount of my time. Where eventually I got to making 1% per month on Crypto’s and moved back to forex.
Then I really lost focus.

A friend bought me a ticket to Sandy Jadeja’s Wealth creation strategies, so I could assist him and down another rabbit hole I went! The 7 techniques shared by Sandy Jadeja where nothing I had not seen or heard before, but they seemed to work and they were simple, but my friends trading is not simple, EMOTIONS not kept in check kill you, and as I evaluated these techniques from Sandy I looked and eliminating the whipsaws and 4 or 5 failed trades before the big moves (winners) came
I was really in a rabbit hole not I was analysing all sorts of indicators trying to create EA’s on these simple techniques that Sandy was teaching, as an I looked at a 20 SMA and realised that the 5/10 cross EMa is essentially the same thing, in my quest to eliminate these Whipsaws trades from these other techniques, guess where I ended up?
Yes Essentially PSAR with some minor changes along the way.
I guess what I’m saying is both of Strat’s threads are pure gold, this one and the old one, read them understand them and stay focused on your goals and keep your emotions in check. The TAO addition from Roger is also brilliant.
Trade well people and have a good week.
  • #11,225
  • Mar 31, 2019 9:30am Mar 31, 2019 9:30am
Attached Image
Simplicity is the ultimate sophistication - Leonardo da Vinci
  • #11,226
  • Edited 1:41am Apr 1, 2019 12:55am | Edited 1:41am
PSAR 100%
First 2(+2) trades of April 2019
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,227
  • Apr 1, 2019 1:43am Apr 1, 2019 1:43am
Quoting Fxentropy
PSAR 100% First 2 trades of April 2019 {image}
Already?

My coffee did't have time to make yet...
  • #11,228
  • Apr 1, 2019 1:56am Apr 1, 2019 1:56am
Quoting Szpons
{quote} Already? My coffee did't have time to make yet...
Wake up, made coffee, went for a 40' walk, got morning sun, got back home, saw the trade/triggered...DONE

Discipline in trading comes AFTER your life is in order.
When you got that discipline of doing things right in real life, then you'll develop patience, confidence - all converging into a long term mindset who will help tremendously a real trader.

Enjoy your coffee
Attached Image
"What would you attempt to do, if you knew your success was a certainty?"
  • #11,229
  • Apr 1, 2019 2:58am Apr 1, 2019 2:58am
Quoting Fxentropy
{quote} Wake up, made coffee, went for a 40' walk, got morning sun, got back home, saw the trade/triggered...DONE Discipline in trading comes AFTER your life is in order. When you got that discipline of doing things right in real life, then you'll develop patience, confidence - all converging into a long term mindset who will help tremendously a real trader. Enjoy your coffee {image}

"Discipline in trading comes AFTER your life is in order"
You are right. Trader without discipline is doomed.
While trading you need to read intentions behind the candles, smelt chaos into knowledge. Dealing with additional chaos in your head doesn't help.

"Enjoy your coffee"
Thank you! Today I'm out of focus after time shift. I'll need more than one...
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  • #11,230
  • Apr 1, 2019 3:37am Apr 1, 2019 3:37am
Quoting Szpons
{quote} "Discipline in trading comes AFTER your life is in order" You are right. Trader without discipline is doomed. While trading you need to read intentions behind the candles, smelt chaos into knowledge. Dealing with additional chaos in your head doesn't help. "Enjoy your coffee" Thank you! Today I'm out of focus after time shift. I'll need more than one... {image}
Finished yet....?

Markets are moving
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,231
  • Apr 1, 2019 4:19am Apr 1, 2019 4:19am
Quoting heispark
Just curious.... Do anyone here post charts before the fact? or post live TE? I see only hind sight charts here. It's kind of a 'culture' here.... As you know, hind sight view is always perfect especially with moving average based systems. My observation is moving average based systems are very tricky and people need very good skills to be profitable. I am seriously doubt how many people are really profitable... No offense anyway.
You make a good point, If you look through my posts, I posted a couple before I entered, and there were some losers, which helps accelerate the learning process.

green pips
  • #11,232
  • Apr 1, 2019 5:32am Apr 1, 2019 5:32am
Quoting pippoacher
{quote} You make a good point, If you look through my posts, I posted a couple before I entered, and there were some losers, which helps accelerate the learning process. green pips
there is no point in posting before you enter a trade. do you want to make better decisions or do you want to prove that it is not hindsight trading?
  • #11,233
  • Apr 1, 2019 5:36am Apr 1, 2019 5:36am
Quoting pippoacher
{quote} You make a good point, If you look through my posts, I posted a couple before I entered, and there were some losers, which helps accelerate the learning process. green pips
I would do that if I would be paid, of course.

Why I would do that - giving my time and having the responsibility to give signals, post charts with setups and manage trades?

I bet that also the risk I should cover for each and every participant here...heck....eventually I should help others to pay their mortgage, car and their holidays....keep their kids in schools, daughter wants an abortion and first born wants his Mustang....

No sir, Im here to feed my Ego! Yes, I know, have plenty! lol...In fact FF help a lot to maintain a well balanced level of Ego...I can unload excess of it!
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But to get back to this thread, Strat did a great job presenting things here and all one guy have to do is to read again MoneyMagnet post:

Quoting Money Magnet
So this is my 12 year of trading Forex ...... I guess what I’m saying is both of Strat’s threads are pure gold, this one and the old one, read them understand them and stay focused on your goals and keep your emotions in check.
"What would you attempt to do, if you knew your success was a certainty?"
  • #11,234
  • Apr 1, 2019 5:46am Apr 1, 2019 5:46am
Quoting bistolis
{quote} there is no point in posting before you enter a trade. do you want to make better decisions or do you want to prove that it is not hindsight trading?
Agree
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,235
  • Apr 1, 2019 5:58am Apr 1, 2019 5:58am
The question remains ... where is Strat? Is it like in these kung-fu movies? When all vital elements have been taught, the teacher will disappear and we will fight alone? Well, I hope he is ok!
Fix up, trade sharp ...
  • #11,236
  • Apr 1, 2019 6:20am Apr 1, 2019 6:20am
Quoting Hickson
The question remains ... where is Strat? Is it like in these kung-fu movies? When all vital elements have been taught, the teacher will disappear and we will fight alone? Well, I hope he is ok!
"I will strike the shepherd, and the sheep of the flock will be scattered about!"
"What would you attempt to do, if you knew your success was a certainty?"
  • #11,237
  • Apr 1, 2019 11:16am Apr 1, 2019 11:16am
Quoting Hickson
The question remains ... where is Strat? Is it like in these kung-fu movies? When all vital elements have been taught, the teacher will disappear and we will fight alone? Well, I hope he is ok!
I also wonder where is Strat? Kind of miss him.
  • #11,238
  • Apr 2, 2019 1:47pm Apr 2, 2019 1:47pm
just curious, anyone see anything interesting in these charts.

TL - Long Term- Pale Green
TL - Intermediate - Dark Orchid
TL - Short - Deep Sky Blue
TL - Immediate- White Smoke
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If at first you don't succeed, try, try again.
  • #11,239
  • Apr 2, 2019 2:01pm Apr 2, 2019 2:01pm
and again here.....
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If at first you don't succeed, try, try again.
  • #11,240
  • Apr 2, 2019 11:20pm Apr 2, 2019 11:20pm
Quoting Alesiosc
just curious, anyone see anything interesting in these charts. TL - Long Term- Pale Green TL - Intermediate - Dark Orchid TL - Short - Deep Sky Blue TL - Immediate- White Smoke {image} {image} {image}
I haven't found trend lines tell me much that the strat shadow doesn't. Earlier in the thread I think I asked about them and strat doesn't use them any more.

As for the pairs, I am not keeping an eye on USDCAD at the moment, but I'm looking for price action to short the EUR pairs.

Focus on the basics first, hammers, shooting stars, outside, and engulfing candles. Trade them to the first support and resistance, when you've done that consistently for a few months, start thinking about more, but even that can give a pretty good income.

Best way to eat an elephant is small bites, and forex is one hell of an elephant!
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