Strat's PASR Long Term, Stress Free Trading

hi Scrumy, just wondering, is this your thought process as you were trading this or are these your after thoughts.

Thanks

I think we're looking at it the same way, price has hit the top of the range near the top of the weekly control candle, and we're watching to see if there's price action to go back down.

Not really expecting much of anything happening over this coming week with Easter, I reckon everyone will be off enjoying a break.

Strat,

Hope You will read this,
I noticed you stopped ignoring me. Thank you. However, I am rather looker then active participant I appreciate this very much. I really do. Would like also to admit that I overreact with my action, what I understood some time ago. Take my apologies.

Would the data between brokers be different enough to trigger a buy for one but not the other even if the EA is the same? I know there's slight differences but I imagine they wouldn't be large enough to have an EA perform very differently

Do we close positions once price hits end of Bollinger bands, or are there any parameters we consider to maximise profits....Maybe more experienced traders can help us out.

That's a proof of maturity...few here are on this level.

RESPECT

Scrumy, why would you not take the candle at 10:30 on your 5 minute chart? Are you waiting for the 15 minute close? As I see it the 15minuite chart is clearly in an uptrend overall, so you'd just be waiting for the 5 minute to turn in that direction, and that re-test of resistance turned support would've been a good entry I think.

Hey Rub, the 10:30 candle on M5 you are refering to is this one



Yes, it is a bullish engulfing, but hasn't been able to close above the Strat Shadow. Also when you look left there were some bigger green and red candles showing pushing and pulling on PRICE. I don't quite like the position of that bullish engulfing in relation to the surrounding candles even when PRICE bounced off my SR. Regarding your question: Yes, I wait for the M15 to close. This way, M15's primary trend changes again to up and all timeframes going in the same direction so the odds of a profitable trade are higher.

I haven't traded this. Maybe that is big hindsight bias, because the set up was a profitable one. At that moment I was in a "write capricious" and wanted to share with you what I mean to look for Basic PASR trades in the direction of the trend while doing the M1/M5 Bootcamp.

Look out for these kind of set ups and trade/watch what happens afterwards.

I get you Scrumy. Thanks.

Can I ask. Have you mastered Basic PASR.

Thanks
Cameron

No. But this week especially I got a lot of AHA moments while doing Basic PASR on Bootcamps. Now I will apply what I have learned and watch for those set ups like the one I posted.

One dumb thing I did until Thursday was to do counter trend Basic PASR. Which is just picking bottoms/tops. Not recommended. Either Basic PASR with the trend or in a range.

Hi Swordsekiro, we don't use Bollinger Bands here. We use Price Action at Support and Resistance. Sorry, we can't help you.

Corinna

That's the candle I was referring to. Thanks for the explanation.

here's a little story I thought i would share. I will look towards it in the near future if the little men start playing the fool with my mind. at the moment I feel quite comfortable and in control of the little men but I do feel they could win the tug of war between them and I once I up the stakes and start trading bigger lot sizes.

back in 1999 I promised my wife I would give up smoking and drinking the day our daughter was born. she was born on Christmas day 1999 and for all those smokers and drinkers out there who have ever tried to quit, you know exactly what I am talking about. I couldn't do it.

fast forward two years. I came across Allen Carr's Easy Way to Stop Smoking. bought the book as many people had stopped smoking by just using the principles in the book so £7.99 was a small price to pay for a proven chance at giving up smoking. the main thing I grasped from the book was, it opened my eyes to how the sub-conscious mind works. I had no idea up until then how the mind works and what causes or controls addictions. suffice to say, reading the book did not make me stop but definitely opened my eyes.

fast forward to 2004. I came across an advert to stop smoking through something called Bio-Resonance. again, I've never heard of this but with a money back guarantee I thought I couldn't go wrong. booked in at a cost of £500. it was explained to me by the man doing it that it worked by put two identical energies together to cancel out the addiction. similar to sound. apparently when you put two identical sound waves together it cancels each other out and gives you silence, similarly. I tried this and it actually works. Bio-Resonance works by putting what I was addicted to, the cigarette, into a test tube, then connecting that test tube to a machine. then connecting me, the addiction, to the opposite end of the machine. apparently cancelling out the addiction. he combined this with 1hr of, what he called, clinical hypnotism which I have since found out is also called NLP, Neuro Linguistic Programming. I left his offices waiting for my need to want a cigarette. I just didn't believe anything had changed. I didn't feel any different. after each hour passed and my urge for a smoke didn't come. I started to wonder. it was weird. the next day there was nothing, and the next day, and the next. the following week I still had no urge for a smoke. fast forward to 2019. I still have not smoked nor do I have any desire to smoke. I am not fighting it. no urges, nothing, unlike other people who give up using just willpower.

rewind back to 2007. I saw an add in the paper, "Allen Carrs Easyway to Stop Drinking. Money back guarantee." with my drinking way out of control at the time I thought what the hell. I can't really go wrong. it either works or I get my money back. I got my wife to book it, paid another £500, and went for my appointment in London. to keep this short, there were 15 of us in the session. the session lasted about 4hrs. 3 of these hours were filled with Chris, the mentor, telling us and reminding us about the pros and cons of drinking. most of it we knew already. like when asked to name one thing that we liked about drinking. when we went through the variables we all realised there was nothing really nice about drinking except the merry feeling we got at the beginning, which then came with many consequences. when being absolutely honest with ourselves, we didn't like the taste, we didn't like the headache/hangover, we didn't like the smelly breath or the way we smelt the day after a heavy drinking session, we didn't like it when we fell over after having too much. in fact, there was nothing we liked at all. so why did we still drink. and more so, why was it so hard to stop. believe it or not. it's exactly the same reason why we can't control our Fear & Greed in the markets. it's our sub-conscious mind. our sub-conscious minds were automatically programmed, after drinking so much alcohol, to need an alcoholic drink, especially in certain repetitive scenario's in our lives, and, what Allen Carr's did in its session, was to reprogramme our minds and kind of reset them to before we ever had a drink. now I am no expert on this so excuse me if I get some of this wrong. it's only what I have gathered on my journey, what I remember and the way I have come to understand the sub-conscious mind through my own experiences. so, in short, how the system worked was basically, reminding us about all the negatives of drinking, which we all knew already but just refused to acknowledge. then the last 45 minutes was about relaxing and cementing all we had gone over, in the session, into our sub-conscious minds. in effect, resetting our sub-conscious again, using Clinical Hyptnotism. I walked out of there never to drink again. no urges, no desires. I can now even keep alcohol at home and pour people's drinks without fighting an urge to want a drink.

The moral of this story is, to see how training our Sub-Conscious or resetting it is what we as traders want/need. back in 2009 towards the end of my then, 2 year trading career, I sent a message to Chris and asked him if this method could work for the purposes of a trader wanting to control their fear & greed. he told me to write down all the elements I wanted to address and he would put something together. with me having already lost most of my money and, at the time, not having a clear mind about what would be the best, most relevant points to send to Chris. it slowly faded away. but now, I think it is time to resurrect my desire in finding an Easy Way to control my Fear & Greed as after reaching around Page 514 I have come across enough valid, important points to pass over to Chris to see if we can get something going. if anyone feels they can add anything please mention it and will add it to the information. I would greatly appreciate comments regarding Fear & Greed or anything Psychological related to trading which has proved difficult to for you to overcome. this will not be an overnight thing and it doesn't work for everyone but if or when it is setup, it works 30%, that will be 30% more control over your mind than you had before. does anyone have any experience with this and think it wont work. or, does understand where I'm coming from with regards to the Sub-Conscious.

Thanks
Cameron

Have a good trading week ladies and gents....

Greetings, I've been looking over this thread (as well as the old one) and am impressed with Strat's passion to teach and help others.
Price Action, Support and Resistance.
I thought I would share some useful MT5 indicators (for those of us who use MT5). These were coded by master coder Mladen so you know they're good.




..and for the lazy people, here is template for Strat's Shadow..

Again, this comes to my mind......STRAT...

hope you are just fine buddy!

I hope that Strat goes well

I hope that Strat goes well

Strat .... I like the title of your Favorite Trading Book.

Always Take What The Market Gives You. DON'T BE GREEDY