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Strat's PASR Long Term, Stress Free Trading

  • #11,301
  • Edited 2:28am Apr 11, 2019 2:13am | Edited 2:28am
Gold&Dax LO setup
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,302
  • Apr 11, 2019 2:49am Apr 11, 2019 2:49am
Dow
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,303
  • Apr 11, 2019 3:10am Apr 11, 2019 3:10am
Good morning. Here is a short part of a book by Pressfield

Fear of failure.
Fear of success.
Fear of the new, of pain, of loneliness, of exertion, of intensity.
Need for external validation.
Self-doubt.
Arrogance.
Impatience.
Inability to defer gratification.
Predisposition to distraction.
Shallowness of thought and purpose.
Conventionality.
Insularity.
The need to cling to the known.
None of these enemies is real in the sense that, say, a lion is real, or man with a gun.
All are products of the mind.
  • #11,304
  • Apr 11, 2019 3:18am Apr 11, 2019 3:18am
Quoting bistolis
Good morning. Here is a short part of a book by Pressfield Fear of failure. Fear of success. Fear of the new, of pain, of loneliness, of exertion, of intensity. Need for external validation. Self-doubt. Arrogance. Impatience. Inability to defer gratification. Predisposition to distraction. Shallowness of thought and purpose. Conventionality. Insularity. The need to cling to the known. None of these enemies is real in the sense that, say, a lion is real, or man with a gun. All are products of the mind.
Excellent bistolis.

The Sub-Conscious Mind.

This the root of a traders battle with Fear & Greed.
If at first you don't succeed, try, try again.
  • #11,305
  • Apr 11, 2019 3:32am Apr 11, 2019 3:32am
Whats a beauty was Gold today, short move and intense
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,306
  • Apr 11, 2019 3:49am Apr 11, 2019 3:49am
Quoting Fxentropy
Whats a beauty was Gold today, short move and intense {image}
It looks like you never have losing days
Fix up, trade sharp ...
  • #11,307
  • Apr 11, 2019 4:31am Apr 11, 2019 4:31am

5min boot camp 11-april-2019


Well here's my go at gold today. Was also watching EURNZD, looking for it to continue the trend or bounce from the high. Only one trade on gold, that I got out early then it hit my TP.

EURNZD I missed my entry shown by the arrow, which also hit my TP about where the star is, but I would've been out early on that too.
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  • #11,308
  • Apr 11, 2019 4:42am Apr 11, 2019 4:42am
Quoting Alesiosc
{quote} ok BTS. here goes. found what i was looking for today. had to wait over an hour for it to prove itself, and me. hopefully i got it right. i definitely got the trade right as you can see. it is now my interpretation of what went on before price made its move that i would appreciate your views on..... so, how to identify the move before it happens. further on from the buyer seller equalibrium before no.1 red arrow, the BB's made there stop run. they seem to do this in the morning mostly on trending pairs. they must have seen lots of long orders...
Having looked at your trade I can only comment on how I would have traded it which will be different from you. However this isn't a trade I would have taken personally. You we're lucky and actually sold into support in the middle of a range.

Trading the London open and stop runs is advanced trading and you will lose money if you begin to focus on this instead of basic PASR. Forget it is my advice.

I've marked up the chart to show you were over 3 hours late looking at this stuff, so please Cameron, FORGET about trading in this style.

I've also marked a PASR Hammer at support I would have taken which would have netted me 11 pips with no draw down..... Find these and trade them instead of getting ahead of yourself. (The green and red dotted lines are from a live trade I'm working today so ignore them.)

I'm on holiday now so I won't be on the thread for a few weeks.

Good luck!

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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #11,309
  • Apr 11, 2019 7:04am Apr 11, 2019 7:04am
Quoting Hickson
{quote} It looks like you never have losing days
Rarely, but i have.
"What would you attempt to do, if you knew your success was a certainty?"
  • #11,310
  • Apr 11, 2019 11:52am Apr 11, 2019 11:52am
Quoting Rub
5min boot camp 11-april-2019 Well here's my go at gold today. Was also watching EURNZD, looking for it to continue the trend or bounce from the high. Only one trade on gold, that I got out early then it hit my TP. EURNZD I missed my entry shown by the arrow, which also hit my TP about where the star is, but I would've been out early on that too. {image} {image}
what would have made you get out of these trades early Rub...
If at first you don't succeed, try, try again.
  • #11,311
  • Apr 11, 2019 11:57am Apr 11, 2019 11:57am
can anyone help me here please. look at these charts. the way i see them the Big Boss & the Boss are aligned well. i am not taking a trade here btw, im just trying to figure out something.....

then look at the daily. if PA showed itself at S 1.0013 which is also a BRN 1.0000 & would also be in confluence with the Worker 50MA, to go long. wouldnt the blue dotted line be considered resistance therefore rendering the trade invalid.....
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If at first you don't succeed, try, try again.
  • #11,312
  • Apr 11, 2019 1:40pm Apr 11, 2019 1:40pm
"wouldnt the blue dotted line be considered resistance therefore rendering the trade invalid"

if it wouldnt be classed as resistance. please tell me why.

if it is classed as resistance and under PASR rules, invalidates the trade. then why is Blackeagles example of a PASR trade correct.....
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If at first you don't succeed, try, try again.
  • #11,313
  • Apr 11, 2019 2:44pm Apr 11, 2019 2:44pm
Quoting BeyondTheSea
{quote} Having looked at your trade I can only comment on how I would have traded it which will be different from you. However this isn't a trade I would have taken personally. You we're lucky and actually sold into support in the middle of a range. Trading the London open and stop runs is advanced trading and you will lose money if you begin to focus on this instead of basic PASR. Forget it is my advice. I've marked up the chart to show you were over 3 hours late looking at this stuff, so please Cameron, FORGET about trading in this style. I've...
Appreciate your feedback BTS. Hope you have a cool holiday.

Thanks
If at first you don't succeed, try, try again.
  • #11,314
  • Apr 11, 2019 3:23pm Apr 11, 2019 3:23pm
Quoting Alesiosc
{quote} what would have made you get out of these trades early Rub...

The small retracements, my targets were the first support only maybe 15 pips away and it took forever to get there.

As for USDCHF, the blue line showing resistance would have me pausing too. Might be able to get a better entry on a lower time frame.
  • #11,315
  • Apr 12, 2019 1:26am Apr 12, 2019 1:26am
I was told the other day I lacked Focus. I couldn't understand this as I Focused on my chart when analysing, focused on my trade when in one, focused on my reading when I was learning. But the one thing i now think i was not focusing on is peoples advice. BTS, you have opened my eyes a little. Time to focus on Basic PASR. And just Basic PASR. I wish I was like some of you guys and got the message first time......
If at first you don't succeed, try, try again.
  • #11,316
  • Apr 12, 2019 1:54am Apr 12, 2019 1:54am
Quoting Alesiosc
I was told the other day I lacked Focus. I couldn't understand this as I Focused on my chart when analysing, focused on my trade when in one, focused on my reading when I was learning. But the one thing i now think i was not focusing on is peoples advice. BTS, you have opened my eyes a little. Time to focus on Basic PASR. And just Basic PASR. I wish I was like some of you guys and got the message first time......

Don't worry, I'm a year and a half into following the path and guess where I am? Glad you've realised what I've been trying to tell you. Get that down and then work out your style of trading.
  • #11,317
  • Apr 12, 2019 2:12am Apr 12, 2019 2:12am
Quoting Alesiosc
"wouldnt the blue dotted line be considered resistance therefore rendering the trade invalid" if it wouldnt be classed as resistance. please tell me why. if it is classed as resistance and under PASR rules, invalidates the trade. then why is Blackeagles example of a PASR trade correct..... {image}
hi
I dont understand what you mean exactly.
  • #11,318
  • Apr 12, 2019 2:56am Apr 12, 2019 2:56am
Quoting Rub
{quote} Don't worry, I'm a year and a half into following the path and guess where I am? Glad you've realised what I've been trying to tell you. Get that down and then work out your style of trading.
Thanks again for the encouragement Rub. I'm always feeling like I'm be left behind as I only started on The Path a couple of months ago, and always trying to jump the gun.

I think the one thing that has been troubling me with Basic PASR is the trading into S&R. As Blackeagles chart shows his example of Basic PASR also traded into S but was still classed as a good example. I've seen this type of example a few times and I can't understand the difference with their trades and mine sometimes.
If at first you don't succeed, try, try again.
  • #11,319
  • Apr 12, 2019 3:04am Apr 12, 2019 3:04am
Quoting bistolis
{quote} hi I dont understand what you mean exactly.
Hi bistolis. What I'm trying to say is, if PA showed itself at S, would the blue dotted line be classed as Resistance as whenever or sometimes when I have posted a trade I've been told " but you traded into resistance/support" meaning that the trade may have been good but because I traded in to S&R it doesn't qualify as a perfect Basic PASR trade. As with Blackeagles chart where he also traded into S but his trade was classed as a good example. Is there times when it's ok, using Basic PASR, to trade into S&R or as Basic PASR rules go, is it an absolute NO....

Hope I've explained it better
If at first you don't succeed, try, try again.
  • #11,320
  • Apr 12, 2019 3:15am Apr 12, 2019 3:15am
Quoting Alesiosc
{quote} Thanks again for the encouragement Rub. I'm always feeling like I'm be left behind as I only started on The Path a couple of months ago, and always trying to jump the gun. I think the one thing that has been troubling me with Basic PASR is the trading into S&R. As Blackeagles chart shows his example of Basic PASR also traded into S but was still classed as a good example. I've seen this type of example a few times and I can't understand the difference with their trades and mine sometimes.

The way I see it is you must have room for a decent risk to reward. For example that EURCAD chart I posted recently would only be about 1:1, support is quite close. Thus it's a poor trade, if it had a better reward it'd be worth trying.
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