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Strat's PASR Long Term, Stress Free Trading

  • #11,281
  • Apr 9, 2019 11:42am Apr 9, 2019 11:42am
Quoting Alesiosc
just did a detailed statement for the first time since starting with The Path and trading Strat's method to the best of my ability, even though ive not done it to the T, cut corners here and there, not understood certain things and created some bad habits along the way including coming on board with some of my own bad habits. ive made a total of 37 trades since the 1st of April 2019 till now. at risk of being clobbered by Strat, this is my current equity curve..... {image}
That's impressive mate! Keep going, you are on the right path
Keep practising!!

Keep this as a motto :
I fear not the man who has practiced 10,000 kicks once, but I fear the man who has practiced one kick 10,000 times.
(Bruce Lee)



My Gold trades today
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,282
  • Apr 9, 2019 12:57pm Apr 9, 2019 12:57pm
Quoting Alesiosc
just did a detailed statement for the first time since starting with The Path and trading Strat's method to the best of my ability, even though ive not done it to the T, cut corners here and there, not understood certain things and created some bad habits along the way including coming on board with some of my own bad habits. ive made a total of 37 trades since the 1st of April 2019 till now. at risk of being clobbered by Strat, this is my current equity curve..... {image}
the equity curve on my first year trading was the opposite
  • #11,283
  • Apr 9, 2019 1:51pm Apr 9, 2019 1:51pm
looking for break of WCC with PA for short entry to 1st Support.

@Fxentropy. thanks Fx, appreciate the encouragement.

@bistolis. thank you too. makes me feel better.

a couple of things which i pay special attention to. i also have these as stickies on one of my monitors......

"I accept that I will be wrong and I accept that I will have losses. The next trick is to move on."

"BE AWARE OF MONEY.
RESPECT MONEY.
BUT, AT THE SAME TIME, BE INDIFFERENT TO MONEY."

"PA CANDLE POSITION
Where does the candle close?
Does it mean anything?
Does it mean more to you than just a green/red candle?
Where is that candle in relation to the others around it?
Where is it relative to inter - day resistance?"

"FIND REASONS NOT TO TAKE THE TRADE"

"No1 RULE:
CAPITAL PRESERVATION"
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If at first you don't succeed, try, try again.
  • #11,284
  • Apr 9, 2019 2:08pm Apr 9, 2019 2:08pm
another on my radar. USDCAD. looking for a break above 1.3427 and the double top with PA for a long up to 1st Resistance. if it doesnt come it doesnt come. i wont be staring at it. at the moment i have another 4 im keeping an eye on as potential trades. Boss and Big Boss are in harmony as are the other 4.....starting to analyse and keep potential trades at the forefront, those with the Boss and Big Boss in harmony, so hopefully can save some time analysing all pairs. just analysing the potential ones everyday. im doing a total analysis once a week. at least thats the idea. so far it seems to be quite efficient
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If at first you don't succeed, try, try again.
  • #11,285
  • Apr 9, 2019 2:20pm Apr 9, 2019 2:20pm
and another, AUDNZD. looking for a rejection of 1.0628, BRN 1.0600 and double top to short. 90 pips to 1st support. would much prefer the 230 pips to major support but will see how it plays out. got to reach the top first. again. wont be staring at this. just one of a few potential trades to keep an eye on once a day instead of going through every pair. all info kept in a spreadsheet......
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If at first you don't succeed, try, try again.
  • #11,286
  • Apr 9, 2019 6:21pm Apr 9, 2019 6:21pm
Quoting Alesiosc
and another, AUDNZD. looking for a rejection of 1.0628, BRN 1.0600 and double top to short. 90 pips to 1st support. would much prefer the 230 pips to major support but will see how it plays out. got to reach the top first. again. wont be staring at this. just one of a few potential trades to keep an eye on once a day instead of going through every pair. all info kept in a spreadsheet...... {image} {image} {image}
Alescosc,

It looks like your blue ma is a 50 sma. Strats Shadow is comprised of a 20 ema and a 72 ema. Check post 272 and the one above it.

Probably a good idea to use a box to show a WWC. It helps keep track of the top (resistance) and bottom (support) and
the eventual breakout of the weekly bar. Some people use the breakout as a signal bar. I think Strat wants to wait for PA
after and in the direction of the breakout.
https://www.forexfactory.com/attachm...1&d=1554852031
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  • #11,287
  • Apr 9, 2019 7:07pm Apr 9, 2019 7:07pm
Quoting Frank0
{quote} Alescosc, It looks like your blue ma is a 50 sma. Strats Shadow is comprised of a 20 ema and a 72 ema. Check post 272 and the one above it. Probably a good idea to use a box to show a WWC. It helps keep track of the top (resistance) and bottom (support) and the eventual breakout of the weekly bar. Some people use the breakout as a signal bar. I think Strat wants to wait for PA after and in the direction of the breakout. {image} {image}
Thanks Frank0. You are right. It is a 50MA. I am only on page 430 of the first thread and have gone back to basics/beginning for the third time now where I am at around page 14 for the 3rd time. I have now decided to still follow the thread from the beginning page by page, but also continue from where I left off, page 430 now, as I am slowly absorbing more information. That being said. This is the reason you will see old settings mixed with new settings on my different charts. When I do get to post 272 I will then start using the 72MA. just haven't got there yet. I do get your point about using a box to highlight the WCC. Ii will do that next time......

Thanks again.....
If at first you don't succeed, try, try again.
  • #11,288
  • Edited 3:51am Apr 10, 2019 12:32am | Edited 3:51am
Quoting Alesiosc
just did a detailed statement for the first time since starting with The Path and trading Strat's method to the best of my ability, even though ive not done it to the T, cut corners here and there, not understood certain things and created some bad habits along the way including coming on board with some of my own bad habits. ive made a total of 37 trades since the 1st of April 2019 till now. at risk of being clobbered by Strat, this is my current equity curve..... {image}
Well, that's going the opposite direction to my account I use for trading 5 minute charts!

EDIT: Trading the smallest lost size I'm down about $20 on the $100 I committed.
  • #11,289
  • Edited 3:55am Apr 10, 2019 1:36am | Edited 3:55am
One shot one kill ..or two.
Attached Image


Been modifying my charts a bit to look more 'expressive'
(EA is proprietary - dont ask about it)

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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,290
  • Apr 10, 2019 3:53am Apr 10, 2019 3:53am
I've been starting at the screen for a couple of hours now, doesn't look like there's any direction yet. Maybe after the ECB news. Either way I'm sick of it and packing it in. Can't see myself trading 5 minute charts for a living, it's driving me nuts doing it a couple of hours as a PASR bootcamp.
  • #11,291
  • Apr 10, 2019 4:05am Apr 10, 2019 4:05am
Quoting Rub
I've been starting at the screen for a couple of hours now, doesn't look like there's any direction yet. Maybe after the ECB news. Either way I'm sick of it and packing it in. Can't see myself trading 5 minute charts for a living, it's driving me nuts doing it a couple of hours as a PASR bootcamp.
Expand your horizon to other instruments, there is always volatility somewhere, eg Dow, Dax, Gold
  • #11,292
  • Apr 10, 2019 4:41am Apr 10, 2019 4:41am
Quoting darko2010
{quote} Expand your horizon to other instruments, there is always volatility somewhere, eg Dow, Dax, Gold
Main difficulty I see with these is that you usually need to open a large account to have access to a real market. For instance, DAX as CFD follows S&P on some brokers at night ... Yet some people still think they trade the real DAX. It is tricky!
Fix up, trade sharp ...
  • #11,293
  • Apr 10, 2019 4:56am Apr 10, 2019 4:56am
Quoting Rub
I've been starting at the screen for a couple of hours now, doesn't look like there's any direction yet. Maybe after the ECB news. Either way I'm sick of it and packing it in. Can't see myself trading 5 minute charts for a living, it's driving me nuts doing it a couple of hours as a PASR bootcamp.
Hi Rub. I always find something in Strat's High Volatility list, #729 on this thread....
If at first you don't succeed, try, try again.
  • #11,294
  • Apr 10, 2019 4:57am Apr 10, 2019 4:57am
Quoting Fxentropy
One shot one kill ..or two. {image} Been modifying my charts a bit to look more 'expressive' (EA is proprietary - dont ask about it) {image}
How do you do that Fx....

EDIT: Sorry. Just looked at your chart. Didn't read the post fully.
If at first you don't succeed, try, try again.
  • #11,295
  • Apr 10, 2019 5:04am Apr 10, 2019 5:04am
Quoting Hickson
{quote} Main difficulty I see with these is that you usually need to open a large account to have access to a real market. For instance, DAX as CFD follows S&P on some brokers at night ... Yet some people still think they trade the real DAX. It is tricky!
True, it is a business.
I spend long hours in front of my screens but I make sure it's worth my time
  • #11,296
  • Apr 10, 2019 5:12am Apr 10, 2019 5:12am
Quoting darko2010
{quote} Expand your horizon to other instruments, there is always volatility somewhere, eg Dow, Dax, Gold
I've saved the top few of strat's volatility list, and I've now added DAX and gold. Still, looks like everyone is waiting on the ECB. I took one loosing trade, and didn't see anything much happening.
  • #11,297
  • Apr 10, 2019 5:14am Apr 10, 2019 5:14am
Quoting Rub
{quote} I've saved the top few of strat's volatility list, and I've now added DAX and gold. Still, looks like everyone is waiting on the ECB. I took one loosing trade, and didn't see anything much happening.
Go for a walk.....
If at first you don't succeed, try, try again.
  • #11,298
  • Apr 10, 2019 5:18am Apr 10, 2019 5:18am
Quoting Rub
{quote} Well, that's going the opposite direction to my account I use for trading 5 minute charts! EDIT: Trading the smallest lost size I'm down about $20 on the $100 I committed.
By the way Rub. This was all done on M5 & M1 timeframes. On only just starting with Basic PASR Daily.. had 2 trades. 1 winner, 1 loser.
If at first you don't succeed, try, try again.
  • #11,299
  • Apr 11, 2019 12:36am Apr 11, 2019 12:36am
Quoting Alesiosc
{quote} Go for a walk.....
Went to bed. Will be having another crack at it tonight.

That is good work with the smaller time frame trading, just keep that up over the months ahead and you'll be well on your way.
  • #11,300
  • Apr 11, 2019 1:26am Apr 11, 2019 1:26am
Quoting Rub
{quote} Went to bed. Will be having another crack at it tonight. That is good work with the smaller time frame trading, just keep that up over the months ahead and you'll be well on your way.
Yes Rub. It only takes one loss for me to walk away and take a break. Even though I have made so many trades in a short space of time, in the last few days I've been down to 1 trade a day be satisfied with my win, I go and make conversation with the Love of my Life. No Trouble or Strife here, hmmm...

I was just going over some notes this morning and came to a realization. This is why I have been able to trade relatively stress free recently. Even though i have a habit of breaking the rules or not following them sometimes, i realise i have always asked myself this before i have placed a trade. A little food for thought.

"When they are comfortable with HOW MUCH THEY WILL LOSE, they go ahead and place the trade. This IMMEDIATELY takes all decisions and emotions away from you on this trade leaving you with a STRESS FREE TRADE. "

I've always been comfortable with how much I am going to lose. In fact my thought process when I place the trade is I've lost the money already and I'm ready to move on to the next trade the moment I have placed the trade. I know it's probably not the right way to do it but it works for me.....

I'm in the middle of writing a short story on my experiences with the sub-conscious mind Rub. The reason our Fear and Greed always gets the better of us. It's a bit longer than I short story but I hope you will read it as I think it is very relevant to how and why a trader responds to Fear and Greed......with a possible solution to it.
If at first you don't succeed, try, try again.
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