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Strat's PASR Long Term, Stress Free Trading

  • #11,901
  • Jul 14, 2019 3:49pm Jul 14, 2019 3:49pm
Quoting Scrumy
PASR - The Path, Progress Report Hey all, sorry for not being that active lately. As you may know I joined at around October 2018 to read about strat's PASR strategy. So this is my 9 month progress report. I am doing a lot of training via forex testing software to build confidence in the market. I can really recommend you to do that, too. I focus on the H4 timeframe (my Worker), with the Daily as my Boss an the Weekly as my Big Boss. The hardest thing in trading is really the psychology behind it. I had a lot of ups and downs the last months. I...
you seem to got carried away with back-testing.What has happened is no indicative what may happen in the future.Its a fallacy.
Price is culmination of fundamentals,players involve.Every second is unique in the market that can't repeat ever again.This is why history is no assurance for what may happen in the future.
I think you spent great deal of time unnecessarily instead focus on the system in the present.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #11,902
  • Jul 14, 2019 4:43pm Jul 14, 2019 4:43pm
Quoting Davit
{quote} you seem to got carried away with back-testing.What has happened is no indicative what may happen in the future.Its a fallacy. Price is culmination of fundamentals,players involve.Every second is unique in the market that can't repeat ever again.This is why history is no assurance for what may happen in the future. I think you spent great deal of time unnecessarily instead focus on the system in the present. Regards
I disagree with you here Davit. If it helps Scrumy or anyone else to gain confidence or anything else by back testing then you should wish him luck. What works for him may not work for you. That's just the way it is.

I have just paid to have a spreadsheet designed for me.....I was thinking of posting it here but then thought against it cos it has everything I want to see but wont necessarily have what somebody else wants/needs. Just my thoughts....
If at first you don't succeed, try, try again.
  • #11,903
  • Jul 15, 2019 2:14am Jul 15, 2019 2:14am
Quoting w261713
Big Boss closed below 20 EMA BEEB bos Break through Strat Shadow Should this be called Bond or BeeB? worker There are two diurnal levels of resistance in the middle of the target of the weekly line Conclusion: Shorting according to the K-line Question: The BEEB of 7.10 is the first entry, and 7.12 is the opportunity to add entries? {image} {image} {image}
If you go back a few pages, you'll see I made and entry and took profit from the bar straddling the strat shadow in mid june. Try this link:

https://www.forexfactory.com/showthr...3#post12337563

I think that's the first valid entry, and the 10th july entry is good too, although I didn't take it as I didn't see an obvious target. I don't see an entry on the 12th. I'd like to see a break of 1.3000 before I short again.

Quoting Alesiosc
looking forward to mondays PA after the close on this one.....(I Wonder Why) {image} {image} {image}
I'm still keeping an eye out for shorts on this, I thought the huge 4hr down bar at the end of last week was it, but price has retraced all that. Trading into the 1.2500 BRN is a bit risky though.

Quoting Scrumy
PASR - The Path, Progress Report Hey all, sorry for not being that active lately. As you may know I joined at around October 2018 to read about strat's PASR strategy. So this is my 9 month progress report. I am doing a lot of training via forex testing software to build confidence in the market. I can really recommend you to do that, too. I focus on the H4 timeframe (my Worker), with the Daily as my Boss an the Weekly as my Big Boss. The hardest thing in trading is really the psychology behind it. I had a lot of ups and downs the last months. I...

Good for you. You're working out what works for you. Strat's thread give you the basic tools to apply, and a consistent method to learn to apply them, but once you're confident with that it's about finding the style that works for you. Sounds like you're well on the way, and not taking too many risks on the journey.

EDIT: I sold this doji looking thing. Why? Have a look at the boss (weekly), big round number, and the strat shadow.
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  • #11,904
  • Jul 15, 2019 2:52am Jul 15, 2019 2:52am
Remember Dr. Joe? All time highs, no ressists on the way up, maybe round numbers? Price will show us the way.

Why everyone shorting this beast? When you hear, go short USA economy is bad and etc. donť listem them!

Follow PRICE!

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  • #11,905
  • Jul 15, 2019 9:37am Jul 15, 2019 9:37am
Quoting Scrumy
PASR - The Path, Progress Report It is all about the confidence you build. Build yours.
Very good, Scrumy! keep going! you need to build that trust in you, in your method and your mindset.

Backtesting will help you to feel you are up 100% ready (THEORETICALLY SPEAKING) for the great battle live.
As you know, on the live environment you have to deal with emotions (fear greed fomo etc), you have to deal with economical news that will -unavoidable- affect your trading style and your judgment...sleep time and so on.
Your backtest will help you to be sure that your strategy works despite every shit the market will throw at you. So, count on that. It will help you greatly later, when you maybe you'll have doubts about your method.

So, it will help you to be ready 100% THEORETICALLY and I would say 70% ready for live TRADING.

In any way, what you did already, it way better than just sit and hope that this method will work for you and start trading it like you already understood the laws of holy WallStreet.

And only for that i say BRAVO and KEEP GOING! I vouch for you!

ps: this method works, take it as it is and shape it after your image, after all, we are all different and that's the beauty of this game!

OWN IT. KEEP IT SIMPLE. GET IT DONE!
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"What would you attempt to do, if you knew your success was a certainty?"
  • #11,906
  • Jul 15, 2019 12:30pm Jul 15, 2019 12:30pm
Quoting Davit
{quote} you seem to got carried away with back-testing.What has happened is no indicative what may happen in the future.Its a fallacy. Price is culmination of fundamentals,players involve.Every second is unique in the market that can't repeat ever again.This is why history is no assurance for what may happen in the future. I think you spent great deal of time unnecessarily instead focus on the system in the present. Regards
I have tested for months in the past, sometimes for ten or twelve hours a day. The results were almost the same: It looked great when the data was complete, in live markets it got crushed. Only things tested in Demo worked in live account afterwards. I do not care about backtesting any longer, the market changes too much to have such a narrow view based on some historical data.
Fix up, trade sharp ...
  • #11,907
  • Jul 15, 2019 12:46pm Jul 15, 2019 12:46pm
Quoting Fxentropy
{quote} Very good, Scrumy! keep going! you need to build that trust in you, in your method and your mindset. Backtesting will help you to feel you are up 100% ready (THEORETICALLY SPEAKING) for the great battle live. As you know, on the live environment you have to deal with emotions (fear greed fomo etc), you have to deal with economical news that will -unavoidable- affect your trading style and your judgment...sleep time and so on. Your backtest will help you to be sure that your strategy works despite every shit the market will throw at you....
can your share with me template and indicator very nice look
  • #11,908
  • Jul 16, 2019 3:19am Jul 16, 2019 3:19am
Quoting Rub
{quote} If you go back a few pages, you'll see I made and entry and took profit from the bar straddling the strat shadow in mid june. Try this link: https://www.forexfactory.com/showthr...3#post12337563 I think that's the first valid entry, and the 10th july entry is good too, although I didn't take it as I didn't see an obvious target. I don't see an entry on the 12th. I'd like to see a break of 1.3000 before I short again. {quote} I'm still keeping an eye out for shorts on this, I thought the huge 4hr down bar at the end...

H4 has a better entry
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  • #11,909
  • Jul 16, 2019 3:22am Jul 16, 2019 3:22am
EURJPY
target 121？
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  • #11,910
  • Jul 16, 2019 3:38am Jul 16, 2019 3:38am
GBPJPY


The buyer was defeated?
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  • #11,911
  • Jul 17, 2019 12:42am Jul 17, 2019 12:42am
GU is now in very interesting place
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  • #11,912
  • Jul 17, 2019 2:29am Jul 17, 2019 2:29am
Quoting w261713
{quote} H4 has a better entry {image}
I am not generally away for the US session, but that bar or the shooting star two candles before are both good entries.


Quoting w261713
EURJPY target 121？ {image} {image}
Only if I could get an entry on a smaller time frame than the daily. The risk to reward isn't there for me.

I like the GBPJPY better, posable target of the low to the left. There's more space than EURJPY.

Quoting Szpons
GU is now in very interesting place {image}
I suspect we're going to see the all time low tested again. If it breaks or not I don't know, but I've been short for a few days so far. I'll see what it does at the current level.
  • #11,913
  • Jul 17, 2019 10:46pm Jul 17, 2019 10:46pm
A little interesting news for someone, I'm sure would be interested.

Have a good Day.....
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If at first you don't succeed, try, try again.
  • #11,914
  • Jul 17, 2019 11:02pm Jul 17, 2019 11:02pm
Quoting Alesiosc
A little interesting news for someone, I'm sure would be interested. Have a good Day..... {image}
Strat's a Man U fan? I'm going to have to log off the internet forever.
  • #11,915
  • Jul 18, 2019 2:14am Jul 18, 2019 2:14am
Quoting tommyFL
{quote} Strat's a Man U fan? I'm going to have to log off the internet forever.
  • #11,916
  • Jul 18, 2019 3:21am Jul 18, 2019 3:21am
Today's practising basic PASR from support to ressist and back, wait till PRICE approach level then watch who is winning who is loosing, patience is needed, no shiny blinking indicators needed, for basic is also good turn off STRAT shadow for a while and keep gaining experience

MH

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  • #11,917
  • Jul 18, 2019 3:27am Jul 18, 2019 3:27am
Quoting Mhons
Today's practising basic PASR from support to ressist and back, wait till PRICE approach level then watch who is winning who is loosing, patience is needed, no shiny blinking indicators needed, for basic is also good turn off STRAT shadow for a while and keep gaining experience MH {image}
Very nice. Turning Strat Shadow off for Basic PASR helps me as well.

As you say "no shiny blinking indicators needed" -> I guess you draw those green lines yourself, right? (I ask because one of your lines is not a straight line (2nd line)).
Accept the risk!
  • #11,918
  • Jul 18, 2019 4:51am Jul 18, 2019 4:51am
Quoting Scrumy
{quote} Very nice. Turning Strat Shadow off for Basic PASR helps me as well. As you say "no shiny blinking indicators needed" -> I guess you draw those green lines yourself, right? (I ask because one of your lines is not a straight line (2nd line)).
Yes, because i do not use MT4 for entries and exits, so after my session I draw it into MT4 so we are on the same side. Also I do not add SL and TP because it should be obvious for everyone based on basic PASR teaching in both threads by STRAT and actually everyone could ask if there are no clues, also it helps to gain experience which is really needed and self imagination where to put those SL and TP, so everyone could think about it or not. Depends on everyone.

Hope it is more clear

MH
  • #11,919
  • Jul 18, 2019 8:16am Jul 18, 2019 8:16am
Quoting tommyFL
{quote} On my chart the boss gapped down and formed a BEOB, not an engulfing candle (BEEB). It gapped down again the following week. 7/10 shows a BEOB on the daily for me just a few points short of a BEEB, but the confirmation bar on 7/11 looked too much like a doji for me and it looked like a retest of the 7/4 low... {image} A short now is into the BRN 1.3.

Hello

I have recently started following strats PASR method , it is pretty interesting . I was looking for the strat template (same as yours) but can't seems to find it .Would you be kind enough to share with the setting of the ema's and how you get the color and the shadow around the EMA .

Many Thanks
  • #11,920
  • Jul 18, 2019 9:20am Jul 18, 2019 9:20am
Quoting Szpons
GU is now in very interesting place {image}
Hi Szpons

Very interesting indeed. I suspect Rub is correct in that we are going to see the all time low tested again but we might see a slight rally before then.

Regards
Pete
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