Strat's Long Term Stress Free Trading | Page 1082 | Forex Factory

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Strat's Long Term Stress Free Trading

  • #21,621
  • Apr 4, 2019 3:57pm Apr 4, 2019 3:57pm
Quoting Surfer
Hi guys and girls I read this passage in the book above. What do you think? Personally it goes to show that you shouldn't believe everything you read. Many traders and investors rely on charts to make their trading and investment timing decisions. Those little xs and os that the chartist uses are nothing but a record of yesterday.s events. They have absolutely no predictive value. All they show is that there may or may not be support or resistance at a given price level. No kidding. A chartist will say that a market has broken out if it goes through...
Quote
Chapter 4: Hanging Out in the Present
Who cares about what happened yesterday? The markets are like the dice in a crap
game. They have no memory. Only we do. What happened in the past has no
known effect upon the market. But our memories are strong. We would like to
think that history matters. Then we can worry and speculate about the effects of
yesterday’s events upon today’s market.
Page 22-23

Dear Surfer ...
You misunderstood the intent of this quote ....
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 81 KB

Strat answered your question from the first article
Quote
Trying to guess trades is the best known way to blow an account.

WAIT until you SEE all the above happening.
#1
...........................................................................................
This book discusses the main problems presented by the book (Trading In The Zone) but briefly .
A.J
Attached File(s)
File Type: pdf ZenInTheMarkets.pdf   6.7 MB | 9,450 downloads
There is Light at the End of the Tunnel.
  • #21,622
  • Apr 5, 2019 4:07am Apr 5, 2019 4:07am
Quoting paul72
{quote} Hi start i am just starting to read up on your thread have you a web page and are there anymore vids for learning Cheers Paul
Hi Paul, for your information, his private website already closed last year. Both of his threads here in Forex Factory have enough information for you to digest.
Happy learning. Wish you success in trading.

Corinna.
  • #21,623
  • Apr 5, 2019 4:13am Apr 5, 2019 4:13am
Quoting AliJ.
{quote} {quote} Page 22-23 Dear Surfer ... You misunderstood the intent of this quote .... {image} Strat answered your question from the first article {quote} #1 ........................................................................................... This book discusses the main problems presented by the book (Trading In The Zone) but briefly . A.J {image}
Ali J

What a coincidence! I have this book which I bought long time ago and now reading it the second time.

Corinna
  • #21,624
  • Apr 7, 2019 3:56pm Apr 7, 2019 3:56pm
Quoting No1Optimist
A Personal Story For a few years, prior to 2010, I had been trying to trade FX, using a variety of methods/systems/robots etc, etc which were being flogged on the internet. The results were, as you would expect; a profit now and then interspersed with many losses and a steady reduction in my account balance. In early 2010 I stumbled across Strat's "Long term stress free trading" thread on FF. It made a lot of sense, and prodded me to making a resolution not to spend any more money on the proprietary methods and to devote my time and energy to learning...
There is Light at the End of the Tunnel.

A Personal Story

For a few years, prior to 2010, I had been trying to trade FX, using a variety of methods/systems/robots etc, etc which were being flogged on the internet.

The results were, as you would expect; a profit now and then interspersed with many losses and a steady reduction in my account balance.

In early 2010 I stumbled across Strat's "Long term stress free trading" thread on FF.

It made a lot of sense, and prodded me to making a resolution not to spend any more money on the proprietary methods and to devote my time and energy to learning Strat's way of trading.

I struggled, and if you check my early posts you will see the evidence of that struggle.


On the 1st January 2011 I made a note in the 1st page of my 2011 diary that the Equity Balance of my FxPro account was USD9228.49

During the first part of 2011 I was attempting, not very well I have to say, to trade using the basic PASR method.

My account equity steadily declined.

Not steadily, it was the usual thing of 1 step up followed by 2 steps down.

Looking back, I think basic PASR can work well, but in my case I was applying basic PASR from a Trend Trading mental bias; and the two are incompatible.

In all honesty too, I did not follow Strat's advice closely, thinking that I could be smarter, and make more money, more quickly. The usual self-destructive psychological factors that bedevil many FX traders.

I also had problems identifying the immediate trend, and often I was unintentionally CT trading. Many times I allowed an open profit to turn into a loss.

The result was that my account balance declined until in about July, the balance was only about USD1800.

Many trading Gurus are on record stating that once an account has fallen so far; recovery is impossible, and the account will be wiped out.

Wrong!

On 21 June 2011, in the Stratsforextrading.com website, Strat started a new thread describing a method, in which PASR was applied to trend trading.

It did not take me long to go back over the charts to see that the method was both very simple to understand and to execute; and had the potential to be hugely profitable.

It was easy to arrive at the decision that the new method, was the method for me.

It suited my trading disposition and my desire to emulate Dr Joe.

After a few months of marking time, during the learning and confidence-building process, in the last 2 1/2 months or so of applying the new trading method, my account has grown steadily.

This growth in profit occurred in spite of the 3 disastrous trades in Gold and Silver (documented in the correct thread) which collectively lost an aggregate of USD 2670, all because I failed to investigate the risks I was taking with these trades.

At the time of writing this post, my account balance stands at USD10,157.33

A remarkable recovery I think you would agree.

I am looking forward to 2012, with a great sense of optimism and enthusiasm.

After years in the trading wilderness, I am now a confident and happy trader.

All thanks to Strat and his method, and the help I received from another of the members on Stratsforextrading.com in identifying and understanding trends.
There is Light at the End of the Tunnel.
  • #21,625
  • Apr 7, 2019 11:49pm Apr 7, 2019 11:49pm
Quoting AliJ.
{quote} There is Light at the End of the Tunnel. A Personal Story For a few years, prior to 2010, I had been trying to trade FX, using a variety of methods/systems/robots etc, etc which were being flogged on the internet. The results were, as you would expect; a profit now and then interspersed with many losses and a steady reduction in my account balance. In early 2010 I stumbled across Strat's "Long term stress free trading" thread on FF. It made a lot of sense, and prodded me to making a resolution not to spend any more money on the proprietary...
AliJ, No1Optimist is one of Strat's very successful student.
  • #21,626
  • Apr 8, 2019 4:11am Apr 8, 2019 4:11am
Quoting Corinna
{quote} AliJ, No1Optimist is one of Strat's very successful student.
Dear Corinna...
NOW , it's a matter of time ONLY !
I knew someone who had been trading for over 30 years, without success , But I think he has reached his goal when he joined to PASR .
As long as we did not give up and did not despair, we would eventually reach the end of the tunnel.
You have my respect and appreciation.
A.J
Attached Image (click to enlarge)
Click to Enlarge Name: Dont-Stop-Until-You-Are-Proud.png Size: 122 KB
There is Light at the End of the Tunnel.
  • #21,627
  • Apr 8, 2019 5:42am Apr 8, 2019 5:42am
Quoting AliJ.
{quote} Dear Corinna... NOW , it's a matter of time ONLY ! I knew someone who had been trading for over 30 years, without success , But I think he has reached his goal when he joined to PASR . As long as we did not give up and did not despair, we would eventually reach the end of the tunnel. You have my respect and appreciation. A.J {image}
Ali, I am not giving up. I have high respect to Strat who taught us free for the last 10 years. His teaching is priceless. Yes I am sure if we follow his footstep earnestly, we will be successful in trading. I see you are very hardworking in digesting the PASR method.

Let us learn together.

Nice to know you.

Corinna
  • #21,628
  • Apr 8, 2019 3:45pm Apr 8, 2019 3:45pm
Remember why you are trading. Do you know why you are trading? If you don’t, ask yourself right now and make sure you come up with the right answer for there is ONLY one right answer. Trading is a business, treat it like a business. Treat it with respect, patience and discipline and it will look after you for as long as you want. Abuse it and take advantage of it and you will blow it – big time!

Hopefully if you are still on The Path you will have learned and KNOW that trading is NOT a game – far from it. Neither is it a “Get Rich Quick” scheme as the scammers want us to believe. In fact, it is more like an investment growing slowly but surely. How can it do otherwise when we are only risking 2% of our account?
#4056
There is Light at the End of the Tunnel.
  • #21,629
  • Apr 8, 2019 10:38pm Apr 8, 2019 10:38pm
Quoting AliJ.
Remember why you are trading. Do you know why you are trading? If you don’t, ask yourself right now and make sure you come up with the right answer for there is ONLY one right answer. Trading is a business, treat it like a business. Treat it with respect, patience and discipline and it will look after you for as long as you want. Abuse it and take advantage of it and you will blow it – big time! Hopefully if you are still on The Path you will have learned and KNOW that trading is NOT a game – far from it. Neither is it a “Get Rich Quick” scheme...
Dear Ali J, I find that you present here a very good idea to discuss on ideas that we had read, overlook and forgotten in this thread. After reading from page 1 to 1082, we tend to forget a lot of important points which we learned at the beginning. I suggest those who are reading the thread now, disregard which page you are in, just highlight some ideas which you find interesting and need to discuss here.

Thank you Ali. Keep them coming.

Corinna
  • #21,630
  • Apr 10, 2019 9:21am Apr 10, 2019 9:21am
Wow, i have been out of trading for a while, but daily watched the markets based on STRATS PASR.
i noticed something though, can anyone please elaborate.
1- the website is down.
2- i am noticing alot of charts on the m15 time frames, i recall that STRATS only took his trades on the worker, is that still the case?
3- any new updates on the EMAs ? are we still using the 9,20 and 63 or has there been an update to the system?
4- anyone has a tmpl to load to mt4 with the whole setup?

thanks
  • #21,631
  • Apr 10, 2019 3:42pm Apr 10, 2019 3:42pm
Quoting first_major
Wow, i have been out of trading for a while, but daily watched the markets based on STRATS PASR. i noticed something though, can anyone please elaborate. 1- the website is down. 2- i am noticing alot of charts on the m15 time frames, i recall that STRATS only took his trades on the worker, is that still the case? 3- any new updates on the EMAs ? are we still using the 9,20 and 63 or has there been an update to the system? 4- anyone has a tmpl to load to mt4 with the whole setup? thanks
You are welcome ...
1- the website is down
Because of the NEW thread :
https://www.forexfactory.com/showthread.php?t=708441

2- i am noticing alot of charts on the m15 time frames, i recall that STRATS only took his trades on the worker, is that still the case?
Quote
My PASR method works on any freely traded financial instrument on any time frame.

It HAS to and does, because it is based purely on the energy and emotions (fear and greed) of the buyers and sellers otherwise known as PRICE ACTION.

There are students of PASR who trade Crude Oil, Gold and E-Minis and students who profitably trade M5, M15, H1 and H4 time frames. Indeed, on my...
Page 1 Post 1

3- any new updates on the EMAs ?
200 , 72 , 20 ITS CALLED STRAT`S SHADOW

4- anyone has a tmpl to load to mt4 with the whole setup?
I think you ALREADY know about Spoon Feeding !

A.J
There is Light at the End of the Tunnel.
  • #21,632
  • Apr 10, 2019 8:14pm Apr 10, 2019 8:14pm
Quoting first_major
Wow, i have been out of trading for a while, but daily watched the markets based on STRATS PASR. i noticed something though, can anyone please elaborate. 1- the website is down. 2- i am noticing alot of charts on the m15 time frames, i recall that STRATS only took his trades on the worker, is that still the case? 3- any new updates on the EMAs ? are we still using the 9,20 and 63 or has there been an update to the system? 4- anyone has a tmpl to load to mt4 with the whole setup? thanks
Hi, welcome back to this thread.

After reading what you wrote in this post https://www.forexfactory.com/showthr...53#post5419053, indeed you are someone who hate to write, just like me. After 7 years, this is the first time you wrote in this thread. Happy to know that you still using Strat's method to trade. Your profit should be quite good. Or else, you will never look at this thread again.

Yes, lots of charts on m5, not m15 have been discussed lately. This is just to shorten the learning curve.

All that you asked are found in his new thread mention by Ali. I do wish that you can spend sometime going through this new thread which is the continuation of the old one.

Thank you.

Wishing you success in your trading.

Corinna
  • #21,633
  • Apr 14, 2019 3:44am Apr 14, 2019 3:44am

Trading is 90% psychology and 10% technical skills


Thank you, Paul. I'm really glad you have now reached the point where you understand the importance that your trading psychology has in your trading.

To all others who read this post and are not interested because it is not about set ups, PASR or trading, I will tell you that you will regret this and one day, and, it will come when you don't understand why you keep losing, one day you will come back to this and wish you had studied it and taken notice earlier.

I fought and resisted this for years and it was only when I accepted that my performance was a direct result of my trading psyche and not my technical skills, that I turned myself around.

I know, and know of good technical traders and some money managers who consistently lose and compound their losses because they have no control over their trading psyche.

It is well documented that a trader in control of his psyche can take a 50/50 system/method/strategy and make $millions with it. Now, give a trader who has no control over his psyche, a 100/1 system/method/strategy (if one ever existed), and he will lose time after time.

I couldn't win consistently to save my life and each time I put it down to the technical system I was using. I could take a supposedly proven winning system and lose with it. I developed many of my own systems and couldn't win with them. It was only when I stepped back and took a hard, objective look at myself that I realised "I" was my own worst enemy.

After accepting my psyche was all "screwed up" I set about reading as much as I could on not just trading psychology but psychology as a whole and how we are ultimately controlled by our thoughts and our childhood dreams and fears. Yes, its boring if you are reading it just for reading's sake but if you read it with a goal in mind (to improve your trading psychology and therefore trading), it makes a lot of sense.

Long story short, I knew my performance was dictated and controlled by my fear and greed emotions, I accepted that. Trouble was, even knowing they were the problem, I couldn't keep them out of my trading and I continued to do the opposite of what I should. Being a mechanical and methodological creature of habit, I knew I had to draw up hard and fast rules for myself when trading to counteract my gremlins and demons who always talked me out of doing the "right" thing. Out of this evolved my PLAN which works and continues to work for me and works for others.

By applying this PLAN, all my once "losing" systems/methods/strategies are profitable. This is where I come up with my "trading is 90% psychology and 10% technical skills".

Damn, I 've got to hide my soap box.

#4162
There is Light at the End of the Tunnel.
  • #21,634
  • Apr 14, 2019 6:55pm Apr 14, 2019 6:55pm
I knew my performance was dictated and controlled by my fear and greed emotions.

This is my problem too. Still trying very, very hard to overcome it.
  • #21,635
  • Apr 21, 2019 2:24am Apr 21, 2019 2:24am
Quoting Corinna
{quote} I refer to my own chart when a certain forex pair was mentioned in the discussion. So there is no handicap for me even though there was no attachments. As I read along, I found another 9 videos. But, so far no PDF files. Am checking a second time. Corinna.
Shadow2017 and Corinna,

amazing tipps on that wayback_machine_downloader. I am already downloading the archives from the old webpage. I will try running it in a local http server (like said on the wayback_machine_downloader a simple http server should be sufficient):
Quote
It will also re-create a directory structure and auto-create index.html pages to work seamlessly with Apache and Nginx. All files downloaded are the original ones and not Wayback Machine rewritten versions. This way, URLs and links structure are the same as before.

I am curious if you really need to setup Wordpress for this, but need to wait for those >2000 pages are downloaded. Will keep you updated.
Accept the risk!
  • #21,636
  • Apr 21, 2019 8:12am Apr 21, 2019 8:12am
Quoting Scrumy
{quote} Shadow2017 and Corinna, amazing tipps on that wayback_machine_downloader. I am already downloading the archives from the old webpage. I will try running it in a local http server (like said on the wayback_machine_downloader a simple http server should be sufficient): {quote} I am curious if you really need to setup Wordpress for this, but need to wait for those >2000 pages are downloaded. Will keep you updated.
Scrumy, hopefully, you can rescue the whole webpage. Wait for good news from you.

Corinna.
  • #21,637
  • Apr 21, 2019 11:10am Apr 21, 2019 11:10am
Quoting Corinna
{quote} Scrumy, hopefully, you can rescue the whole webpage. Wait for good news from you. Corinna.
Negative. Didn't find a PDF nor any video. The problem is what the buddy of shadow2017 already mentioned: the content was dynamic - there once was a database, so there is no chance to get the content back as this doesn't get saved by the waybackmachine.

@shadow2017: where did you find those videos you mentioned? Can you share them?

Corinna, while I just was searching on plain old Google for "stratsforextrading.com" I discovered two videos on a YouTube Channel, see this post on the new thread.
Accept the risk!
  • #21,638
  • Apr 21, 2019 8:17pm Apr 21, 2019 8:17pm
Quoting Scrumy
{quote} Negative. Didn't find a PDF nor any video. The problem is what the buddy of shadow2017 already mentioned: the content was dynamic - there once was a database, so there is no chance to get the content back as this doesn't get saved by the waybackmachine. @shadow2017: where did you find those videos you mentioned? Can you share them? Corinna, while I just was searching on plain old Google for "stratsforextrading.com" I discovered two videos on a YouTube Channel, see this...
Hi Scrumy, I attached herewith the saved pages which I have found from the wayback machine. https://web.archive.org/web/*/www.st...xtrading.com/*. If you can see the content, open each file, read it and do what you can with the save articles. Not much. But it is better than none.
  • #21,639
  • Apr 21, 2019 8:35pm Apr 21, 2019 8:35pm
Quoting Corinna
{quote} Strat and Shadow2017, I am still in the process of working with the recovered data of the closed website. At the moment I am using instructions from this article to guide me. https://www.webhostinghub.com/help/l...restore-a-page. There were 2760 saved URLs. Had checked through all and only the last few pages contained contents from the forum under "Strat's Method". They are not complete. Am saving all that I can get into PDF format in a folder. Found 6 videos by Strat on support and...
If you can't read the content inside my attachment to you, you can follow the instruction from https://www.webhostinghub.com/help/l...restore-a-page.

Thank you.

Corinna.
  • #21,640
  • Apr 21, 2019 10:50pm Apr 21, 2019 10:50pm
Hey Corinna. I see you are playing with backing up the thread. How are you doing with it. How many pages have you managed to save so far.....
If at first you don't succeed, try, try again.
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