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Strat's PASR Long Term, Stress Free Trading

  • #11,441
  • Apr 24, 2019 4:39am Apr 24, 2019 4:39am
Bistolis........Thanks, hope I have the right thread now.

I have read and understand the basics of Strats strategy but going back to the beginning Strat wasn't trading under the Daily time frame as I remember but here it is down to 5 minute trading! Can someone point me to the thread that defines the strategy in more detail or is it simply the same Strategy but at 5 minutes? I just don't want to miss something. Recently I have in fact been successful trading 15 or 5 minutes but I know there are gaps in my understanding of exact executions and I'm still too emotional. I want to hone these skills and I will keep reading and trading but there are so many pages to go through!!!! I've been trading for Years and tried all sorts. I was successful with stocks but always struggled with Forex. I should go back to stocks BUT I want to crack Forex. I truly believe Strats strategy is the best way forward to be successful. I have de cluttered a lot to represent Strats template although I do replicate the template to keep a few special indicators I value BUT used to confirm Strats teachings. Due to Strat I have re found my love for trading and I am grateful!! I am also very keen to follow Fleurdelys who is also inspirational. Remember guys, so many followers are silent and want to absorb your teachings and experience BUT we all know the jealous trolls seem louder. Don't lose faith or enthusiasm as the masses love what you guys do! You are helping those who want to learn and be successful!!!! Strat, Mine was an HSS sunburst but I sold it.....slight regret. My Les Paul Special is awesome but I'll get another Stat some day ;-)
  • #11,442
  • Apr 24, 2019 7:26am Apr 24, 2019 7:26am
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

  • #11,443
  • Apr 24, 2019 8:25am Apr 24, 2019 8:25am
Quoting andylaudj
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
what EA ?
  • #11,444
  • Edited 1:10pm Apr 24, 2019 12:51pm | Edited 1:10pm
What a day on $DOW ...failed to break the daily pivot 4 times in a row....but no complains hehe
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,445
  • Apr 25, 2019 12:45am Apr 25, 2019 12:45am
Quoting andylaudj
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
Yes it would, especially if one broker is a market maker and the other an STP broker, spreads will also vary
  • #11,446
  • Apr 25, 2019 2:06am Apr 25, 2019 2:06am
$DOW
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,447
  • Apr 25, 2019 2:40am Apr 25, 2019 2:40am
Dear Strats,

Since you are recommended that we need a correct New York daily close candle then maybe you can share to us which broker that you can recommended ? as I tried Fxcm,Fxpro and ICMarkets .. Each of them have a different OHLC daily candle

Many Thanks
  • #11,448
  • Apr 25, 2019 2:49am Apr 25, 2019 2:49am
Quoting DailyChart
Dear Strats, Since you are recommended that we need a correct New York daily close candle then maybe you can share to us which broker that you can recommended ? as I tried Fxcm,Fxpro and ICMarkets .. Each of them have a different OHLC daily candle Many Thanks
I have a small account with dukascopy and you can choose the closing time of the daily candle on their software (Jforex)
  • #11,449
  • Apr 25, 2019 2:55am Apr 25, 2019 2:55am
Quoting bistolis
{quote} I have a small account with dukascopy and you can choose the closing time of the daily candle on their software (Jforex)
Did they provided the correct new york daily candle close ? and how to set their software ?
Many Brokers claimed they use new york close time,But when I check each of them have different OHLC daily candle.
wonder which one is correct one ?

Thanks
  • #11,450
  • Apr 25, 2019 4:52am Apr 25, 2019 4:52am
Quoting DailyChart
{quote} Did they provided the correct new york daily candle close ? and how to set their software ? Many Brokers claimed they use new york close time,But when I check each of them have different OHLC daily candle. wonder which one is correct one ? Thanks
I havent looked it up. The biggest timeframe I have tried is H4, and for M5 candles it doesnt really matter
  • #11,451
  • Edited 8:31am Apr 25, 2019 6:04am | Edited 8:31am
Quoting DailyChart
{quote} Did they provided the correct new york daily candle close ? and how to set their software ? Many Brokers claimed they use new york close time,But when I check each of them have different OHLC daily candle. wonder which one is correct one ? Thanks
I think FXCM and AXITRADER have the right NY close

$DOW
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,452
  • Apr 25, 2019 10:20am Apr 25, 2019 10:20am
Quoting Fxentropy
{quote} I think FXCM and AXITRADER have the right NY close $DOW {image}
Hi FX

Thanks for the broker recommendation

What is the Line and colour in your chart over there mate ?


Thanks
  • #11,453
  • Apr 26, 2019 12:41am Apr 26, 2019 12:41am
Quoting DailyChart
{quote} Hi FX Thanks for the broker recommendation What is the Line and colour in your chart over there mate ? Thanks
which line and which colour? its Strat chart.....
"What would you attempt to do, if you knew your success was a certainty?"
  • #11,454
  • Apr 26, 2019 2:21am Apr 26, 2019 2:21am
Dax and Dow
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,455
  • Apr 26, 2019 7:08am Apr 26, 2019 7:08am
Have good weekend guys!
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To all ballers who fight for their life on market fields:

AHOU AHOU AHOU
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,456
  • Apr 26, 2019 5:56pm Apr 26, 2019 5:56pm
For those of you who are thinking I'm so much further along the path than you are I'm not. I've crunched the numbers since the start of the year on my daily trades and I'm currently running on a 35% win rate, winch isn't really the whole story as most of those are break even plus a couple of pips. My losses have tended to be my full risk, so I'm sitting on about a 15% draw down from what I've put into the account.

I'm still struggling with not trading into support or resistance, and jumping into trades without referring to my weekend analysis. A long way off the 80% plus win rate I'm aiming for.
  • #11,457
  • Apr 27, 2019 6:04am Apr 27, 2019 6:04am
Quoting Rub
For those of you who are thinking I'm so much further along the path than you are I'm not. I've crunched the numbers since the start of the year on my daily trades and I'm currently running on a 35% win rate, winch isn't really the whole story as most of those are break even plus a couple of pips. My losses have tended to be my full risk, so I'm sitting on about a 15% draw down from what I've put into the account. I'm still struggling with not trading into support or resistance, and jumping into trades without referring to my weekend analysis. A...
those are break even plus a couple of pips

i thought this was classed as a winning position.

so I'm sitting on about a 15% draw down from what I've put into the account

Rub, i showed a chart of my equity curve a while ago. i pretty much doubled my account using my totally undisciplined approach to PASR, not that i knew much about it anyway. i have brought that account down to 10% of where it was and am now slowly creeping up at around 20% now. i feel your pain.

I'm still struggling with not trading into support or resistance,

what ive found here recently is if i can use the same S&R as you think you are trading into, as your first TP target then you may have a leser RR but you will find more opportunities this way.

and jumping into trades without referring to my weekend analysis.

i show all my weekly analysis on my D, W, M charts and just hide what i want to hide from the different TF's so they dont get too cluttered. then its just a mouse click, from one TF to another. thats if you are using MT4.
If at first you don't succeed, try, try again.
  • #11,458
  • Apr 28, 2019 3:48am Apr 28, 2019 3:48am
Quoting Alesiosc
{quote} those are break even plus a couple of pips i thought this was classed as a winning position. so I'm sitting on about a 15% draw down from what I've put into the account Rub, i showed a chart of my equity curve a while ago. i pretty much doubled my account using my totally undisciplined approach to PASR, not that i knew much about it anyway. i have brought that account down to 10% of where it was and am now slowly creeping up at around 20% now. i feel your pain. I'm still struggling with not trading into support or resistance, what ive found...
I suppose break even with a couple of pips is technically a winning position, but it's not really making money either and most of the software doesn't make a distinction between winning, break even, or a loss.

Still, I'm trying to bear in mind what I need to work on, and trade with clearly defined price action, although I think I'm starting to see beyond the candles as strat puts it. It's just time and practice.
  • #11,459
  • Apr 28, 2019 10:13pm Apr 28, 2019 10:13pm
Sorry for long absent, took TOEFL and russia class and still stupid.
Still walk in training path and haven't grasp fully of strat's shadow yet

I drew lines because its comfortable to me and took attention on where the price got rejected.
Blue lines are my targets, Red are SLs.
My position is 126.590. I didn't know which SLs I should take, the near one that happened few weeks ago or the further one (11/01/10).
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  • #11,460
  • Apr 29, 2019 3:37am Apr 29, 2019 3:37am
This forum during Strat's absence is really, really slow!!! Hope he will appear soon.
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