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Strat's PASR Long Term, Stress Free Trading

  • #11,981
  • Jul 25, 2019 12:02pm Jul 25, 2019 12:02pm
Quoting Alesiosc
{quote} i dont think it is marked because of an elliot wave suran...just Basic PASR in a trend. watching the behaviour of buyers and sellers
Then why he marked it 3,4 & 5 ?...hmm..anyway thanks.
Focus, Patience, Discipline, Determination and Perseverance
  • #11,982
  • Jul 25, 2019 12:28pm Jul 25, 2019 12:28pm
Quoting Suran
{quote} Then why he marked it 3,4 & 5 ?...hmm..anyway thanks.
Maybe it's just the way he cropped the pic. Otherwise I'm not sure.....

EDIT: I've just had another look and without drawing the fins I'd say it is a harmonic pattern. Either a gartley or butterfly. Cant remember which. Might be wrong but I dont think so.
If at first you don't succeed, try, try again.
  • #11,983
  • Jul 25, 2019 3:05pm Jul 25, 2019 3:05pm
Quoting Suran
About that Strat's chart he posted just now. I am scratching my head, because I cannot understand the points 1 & 2 in that wave. (I presume it's elliot waves he posted) . Or am I completly dumb? anybody?
Waves within waves within waves...

It looks like elliot drown in a day starting from LO...

Interesting concept...
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  • #11,984
  • Jul 25, 2019 6:02pm Jul 25, 2019 6:02pm
GBPNZD M1 PASR Follow Up

First time looking at FF and the thread for ages and just wanted to show how SIMPLE trading is when you UNDERSTAND PRICE ACTION and the MENTALITY and PSYCHOLOGY of those moving PRICE.

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New York reversed London trading - why? - don't know, don't care. All I know is those moving PRICE during the New York session found support and bought off that support.

They have to make money and build momentum by buying and buying (Hello Dr. Joe!). They reached their target and then others sold off that rally.

In anyone's eyes that is a big IMPULSE move associated with Elliot Wave 3 (if you believe that junk). What follows, most of the time, is some sort of CORRECTIVE WAVE (Wave 4 in EW terms) that can be either SIMPLE or COMPLEX. In this case it was a SIMPLE A-B-C-D correction.

Since PRICE was now again at DISCOUNTED PRICES, the buyers came in and bought and bought again (Wave 5 in EW terms). EW theorists will target the end of Wave 5 with Fibonacci extensions. PRICE purists will just continue to buy until the buying STOPS and selling STARTS.

On a higher time frame, the M1 move from SUPPORT to 3 to 4 to 5 is itself an A-B-C-D move.

So SIMPLE when you understand PRICE ACTION and the MENTALITY and PSYCHOLOGY of those MOVING PRICE

ALL I do is FOLLOW IN THE FOOTSTEPS of those MOVING PRICE - "nutin' fancy" as Dr. Joe told me!
15 YEARS OF PASR ON FOREX FACTORY!
  • #11,985
  • Jul 25, 2019 8:32pm Jul 25, 2019 8:32pm
Quoting Szpons
{quote} Waves within waves within waves... It looks like elliot drown in a day starting from LO... Interesting concept... {image}
Yes, Now makes sense. Thanks a lot.


@ Strat...

Thanks a lot for your explanation Coach..


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #11,986
  • Edited Jul 26, 2019 12:44am Jul 25, 2019 11:13pm | Edited Jul 26, 2019 12:44am
Quoting strat
GBPNZD M1 PASR {image}
Hi Strat, thank you for the post. We really appreciate you sharing your wisdom with us. Good unselfish mentors are really rare. We are lucky that you have shown us the way for so long.

I think it was Groucho Marx that said: "Outside of a dog a book is a man's best friend, inside a dog it is to dark to read."

What I am trying to say is that we (me) tend to get lost in our own darkness without you lighting the way for us(me)

Regards
Pete
  • #11,987
  • Jul 26, 2019 9:48am Jul 26, 2019 9:48am
Quoting strat
What follows, most of the time, is some sort of CORRECTIVE WAVE (Wave 4 in EW terms) that can be either SIMPLE or COMPLEX. In this case it was aSIMPLE A-B-C-D correction.
Ok, and today GBPUSD

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  • #11,988
  • Jul 29, 2019 1:04am Jul 29, 2019 1:04am
so, im putting myself on the spot today. today is the start of a new journey and as its mostly down to Strat and his thread, whether im right or wrong, i feel its only right that i allow you guys to follow it from the turning point where i believe ive seen the light, which was last thursday. attached is my complete equity curve from the day i started trading live using Strat's method around 6 months ago.....
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If at first you don't succeed, try, try again.
  • #11,989
  • Jul 29, 2019 4:40am Jul 29, 2019 4:40am
i have never done an "ATM" before as i was never 100% sure what was needed but right now i think i may be in an "ATM" trade.....EURNZD

and, seems like 4 more setting up for possible ATM trades.....GBPJPY, GBPUSD, GBPAUD AND NZDUSD. sorry, make that 5, EURGBP. its actually becoming a pain typing and trying to concentrate on these trades, so im not going to till the end of the day. is a pic of my EURNZD i am already in....im not expecting anything too soon but heres where i am at the moment. thought id post before the big moves happen....
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If at first you don't succeed, try, try again.
  • #11,990
  • Edited 6:08am Jul 29, 2019 5:25am | Edited 6:08am
talk about watching paint dry.......

EDIT: would have been nice if these pips and not points.

EDIT: closed GBPUSD. 3.5 PIP X2 loss

EDIT: stopped out GBPJPY 10.5 pip loss.....So Far, the lesson for me today is, when in a counter trend trade, take your profits early.....

just realised i was around 10% up on my account with these trades.....so, the second lesson for me today....Take Profits When You Can

EDIT: ok. had enough of this test.....a lot of counter trend trades there.....ill start again but try and just enter in the direction of the trend only.....(i know i should have just done that in the first place but as this is the first day of serious testing i broke a few rules. ill try not to now.....
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If at first you don't succeed, try, try again.
  • #11,991
  • Edited 6:51am Jul 29, 2019 6:22am | Edited 6:51am
try again, in the correct direction this time

EDIT: broke my rules going against the trend but the low risk was to much to ignore....long GBPCAD 1.62100. 3 pip stop. 5 lots = stopped out 13.4 pip loss
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If at first you don't succeed, try, try again.
  • #11,992
  • Jul 29, 2019 7:27am Jul 29, 2019 7:27am
Quoting Alesiosc
talk about watching paint dry....... EDIT: would have been nice if these pips and not points. EDIT: closed GBPUSD. 3.5 PIP X2 loss EDIT: stopped out GBPJPY 10.5 pip loss.....So Far, the lesson for me today is, when in a counter trend trade, take your profits early..... just realised i was around 10% up on my account with these trades.....so, the second lesson for me today....Take Profits When You Can EDIT: ok. had enough of this test.....a lot of counter trend trades there.....ill start again but try and just enter in the direction of the trend...
It seems to me you are on the clear patch of overtrading.

All that are 5M entries?
  • #11,993
  • Jul 29, 2019 7:49am Jul 29, 2019 7:49am
Quoting Alesiosc
try again, in the correct direction this time EDIT: broke my rules going against the trend but the low risk was to much to ignore....long GBPCAD 1.62100. 3 pip stop. 5 lots = stopped out 13.4 pip loss {image}
Agree with Szpons, why are you posting and trading in the same time? Make sense that you loose FOCUS and make mistakes, why are you post these screens from MT4 trading central, better after your trading day post charts and mark where you made mistakes or give us some screens for discussion. WHY are you editing your posts about trades here? This is not your trading journal, do you even have your own journal? You did not master trading one pair why are you trading all these together? Do you know about risk management? This is not only path to overtrading this is path to HELL and loosing your account.

Your mind is playing with you, you are not able to trading live for now, it is clear from your posts for all of us, better go back to testing and study threads.

Your LITTLE PEOPLE 100% control you.

No offense mate.

Green pips to all
MH
  • #11,994
  • Jul 29, 2019 8:50am Jul 29, 2019 8:50am
Hey guys,

Jumped in to Daily's . Basic PASR .Anybody catch these? Had to close it prematurely (I know Strat....I shouldn't have) becos my little people wanted some profits..

GBPJPY
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GBPCAD
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slowly falling in love with Daily's


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #11,995
  • Jul 29, 2019 9:18am Jul 29, 2019 9:18am
Quoting Szpons
{quote} It seems to me you are on the clear patch of overtrading. All that are 5M entries?
you are correct Szpons. i have been taking more trades than i should but there is a purpose behind it thanks.....15M btw....
If at first you don't succeed, try, try again.
  • #11,996
  • Jul 29, 2019 9:30am Jul 29, 2019 9:30am
Quoting Mhons
{quote} Agree with Szpons, why are you posting and trading in the same time? Make sense that you loose FOCUS and make mistakes, why are you post these screens from MT4 trading central, better after your trading day post charts and mark where you made mistakes or give us some screens for discussion. WHY are you editing your posts about trades here? This is not your trading journal, do you even have your own journal? You did not master trading one pair why are you trading all these together? Do you know about risk management? This is not only path...
well mhons.....you are absolutely correct here "why are you posting and trading in the same time? Make sense that you loose FOCUS and make mistakes, why are you post these screens from MT4 trading central, better after your trading day post charts and mark where you made mistakes". "WHY are you editing your posts about trades here?" unfortunately mhons, if you didnt know before you at least know now.....this is not your thread either so if yo have nothing constructive to say please refrain from replying to my posts. "do you even have your own journal?" yes i do but that is none of your business..."if you cared to understand any of my previous posts you would be able to answer that yourself....makes me question your agenda here. "Do you know about risk management?" i know enough to know that i i wasnt 100% disciplined here but my way of using it today served its purpose thank you very much for the concern...."This is not only path to overtrading this is path to HELL and loosing your account." all i can say is watch this space. in fact, please dont. you are a distraction....."Your LITTLE PEOPLE 100% control you" you seem to be a very clever person knowing this....maybe i should learn from you.....err second thoughts, with an attitude like yours, maybe not......"No offense mate" sure....hope you are not offended too. good day to you sir.....
If at first you don't succeed, try, try again.
  • #11,997
  • Jul 29, 2019 10:02am Jul 29, 2019 10:02am
after that outburst from mhons i thought i would post this for those that know. i think im within my boundaries of sticking within Strat's rules of not spoonfeeding so i thought would try and get some constructive feedback on what i am looking at and whether it is what the learned ones see too. remember, i have only got a grasp of this since last week thursday so i dont expect to be perfect but as far as i know, this is what we are all looking for. amongst other things.....ignore the label btw....
Attached Image
If at first you don't succeed, try, try again.
  • #11,998
  • Jul 29, 2019 11:48am Jul 29, 2019 11:48am
i have to stay as humble as i can with this cos it does get me excited. heres a trade i just took a short while ago. i cant say too much about it cos im eyeballing my S&R but also using an advanced method (if thats the correct way to describe it) although im still using PASR. i can only wait and see for the result. but heres a little heads up. again. hope ive not overstepped the mark....
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If at first you don't succeed, try, try again.
  • #11,999
  • Jul 29, 2019 12:08pm Jul 29, 2019 12:08pm
Quoting Alesiosc
after that outburst from mhons i thought i would post this for those that know. i think im within my boundaries of sticking within Strat's rules of not spoonfeeding so i thought would try and get some constructive feedback on what i am looking at and whether it is what the learned ones see too. remember, i have only got a grasp of this since last week thursday so i dont expect to be perfect but as far as i know, this is what we are all looking for. amongst other things.....ignore the label btw.... {image}
Mhons was right. I was very gentle with my remark.
Strat would have crushed you with a steam roller for trading like that.

I've examined your entries, it seems you are shooting at everything that looks sort a like a favorable PA. You want to be every time, everywhere. Sometimes you will be lucky but eventually will get slaughtered.

Observe, learn first. Gain experience, and understanding what is going on and why.

Than trade
  • #12,000
  • Jul 29, 2019 12:31pm Jul 29, 2019 12:31pm
Quoting Szpons
{quote} Mhons was right. I was very gentle with my remark. Strat would have crushed you with a steam roller for trading like that. I've examined your entries, it seems you are shooting at everything that looks sort a like a favorable PA. You want to be every time, everywhere. Sometimes you will be lucky but eventually will get slaughtered. Observe, learn first. Gain experience, and understanding what is going on and why. Than trade
so so sorry Szpons. yes i am a bit irratic. its just my way of learning.....please dont take this in a bad way but first. mhons has no right to speak to me the way he did and i will not sit back and take that from him.....the other thing Szpons is. i beg you to look carefully at my chart above and you will see, if you have a look at all my trades today. everyone has been precise to no more than risking 15pips. yes, that precise on purpose. the only thing i broke the rules on sometimes was not following the trend every time and not always using reversal candles for my entries. patience was another thing. i got bored waiting at one point so patience is what i will work on tomorrow. i dont want to force my new found eye opener on anyone but rest assured. if you cant see what i am looking at then dont worry, it will come to you all with perseverance. i so want to tell the thread exactly what it is that ive found but i cant. its not my place to. the amount of PMs and messages ive had asking me to share my knowledge, ive had to send this to everyone who has asked.....yes, i know i dont have it perfect yet. i am not blind to that. i still have lots of work to do.....but anyway......

this is my generic reply....

"Footprints bro, they are what Strat has been banging on about since I came to the thread. Maybe I got it wrong. I dont know yet. This week is my test week. Geezer, i wish i could take the week off work but i cant afford to. Since Thursday, whenever I've looked at charts, my anxiety levels have been through the roof. I feel like I have struck gold and I dont even have proof yet that I am correct. I just feel I am. Like Strat says, "light bulb moments" will happen and it just seems a major one hit me on Thursday. You know, I took to Strat's way of teaching ever since I found his thread around 6 months ago. He has so much experience and the way he organises his lessons, it's so easy to learn from. But these moments are moments he builds us up for. When you finally have them, they stick in your mind forever. If you dont have a light bulb moment you are in the same category as every one else. One thing for me is, I havent tested it yet but will do this week on the 15M and the Daily. Second thing is, I wouldn't like to gi against Strat and his principles of spoon feeding. There is a serious point behind this and when you do finally have these light bulb moments, Strats efforts, teaching skills, experience and time are made worthwhile especially considering he has spent over 10 years of his own time helping others to see the light. This he has done for free and for me to blurt out willy nilly, what hea has spent the last 10 years not doing, it would be absolutely wrong of me......I will try and post my trades here or on The Path this week. All I can say is its should be an eventful one. Hope you guys understand where I'm coming from.....Cheers"
If at first you don't succeed, try, try again.
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