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Strat's PASR Long Term, Stress Free Trading

  • #12,101
  • Aug 9, 2019 10:26pm Aug 9, 2019 10:26pm
Quoting Scrumy
M1 Bootcamp AUDCAD Entry 1: first entry was a try to trade Basic PASR off the SR - too early, the lower low was not confirmed. Exit: full SL hit (the only full SL today). Improvements/Lessons Learned (I/LL): be patient, wait for confirmation. With such a good shaped Strat Shadow in place there shouldn't be any reason to go long. Entry 2: Doji at Resistance and Strat Shadow, followed by another bearish candle. Short entry below that candle. Exit: SL was above the Strat Shadow top which got hit. Entry 3: Addon below BEEB Exit: same SL as Entry 2....
Scrumy, thank you for posts. Please remain here. We need people like you to made this thread active again. I've learned rules which I had overlooked in the past from your trade journey. Looking for more posting from you. Keep it up!

Corinna
  • #12,102
  • Aug 9, 2019 11:16pm Aug 9, 2019 11:16pm
Quoting Scrumy
..... Let me know if this is of any use for you (or if I am just cluttering the thread). Otherwise I am thinking about opening a Trading Journal here on FF. You know, to stay accountable.....

No m8 keep up the good work, we can learn a lot from each others work. post here.


Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,103
  • Aug 10, 2019 9:10am Aug 10, 2019 9:10am
Quoting Corinna
{quote} Scrumy, thank you for posts. Please remain here. We need people like you to made this thread active again. I've learned rules which I had overlooked in the past from your trade journey. Looking for more posting from you. Keep it up! Corinna
Quoting Suran
{quote} No m8 keep up the good work, we can learn a lot from each others work. post here. Suranga
Ok, cool. Glad it's useful for you as well. I myself get a lot from posting all the trades.

Something else: this is the performance based on my M1 Bootcamp trades (3 days - Aug 7th to Aug 9th). It is ok, but can be improved if I include what I have learned the last couple of days.
By cutting those "bad trades" (e.g. going against the EMA200) this will impact the performance massively.
Winrate is ok, but avg. profit vs avg. loss can be improved. Additionally there was no real outlier in those three days (the biggest winner only 57 USD).

I think those outliers make a huge difference in the equity curve as well. With outlier I mean a trade that is far from 2R (4-5R or even 10R). They are seldom but they are important.

I always risk 0.25%, which is about 26 USD with the current balance. The current drawdown is very small, but by using Monte Carlo Simulation with the current performance it can easily increase to 5%.

All I can say: keep your numbers in sight and improve based on them. I am still very interested in others performance.

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Accept the risk!
  • #12,104
  • Aug 10, 2019 8:46pm Aug 10, 2019 8:46pm
Don't you just love it when PASR works?

GBPAUD
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USDCAD
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GBPCAD
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  • #12,105
  • Aug 11, 2019 2:09am Aug 11, 2019 2:09am
AUDNZD

Signs of reversal. Are the Big Boys changing their course?

Big Boss: At support.
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Boss: Nice hammer at support area. Price tested support multiple times at this level which held for 3 years or so. Confirmed Swing High.
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Worker: Huge doji (August 6th) followed by huge bullish candle (NZD lowered its interest rate to 1% at this support level. Coincidence?), confirming swing high.
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Could just be a retracement though. No trades yet. I will wait for PASR opportunities.
  • #12,106
  • Aug 11, 2019 9:51pm Aug 11, 2019 9:51pm
Quoting MikuSS
AUDNZD Signs of reversal. Are the Big Boys changing their course? Big Boss: At support. {image} Boss: Nice hammer at support area. Price tested support multiple times at this level which held for 3 years or so. Confirmed Swing High. {image} Worker: Huge doji (August 6th) followed by huge bullish candle (NZD lowered its interest rate to 1% at this support level. Coincidence?), confirming swing high. {image} Could just be a retracement though. No trades yet. I will wait for PASR opportunities.
Hi Mikus,

Looks like you misinterpret the charts.

You say that huge Bullish candle in Worker has confirmed swing high. That's Swing low. Also what is the confirmed swing high you talking about Boss?

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,107
  • Aug 12, 2019 3:28am Aug 12, 2019 3:28am
Quoting RaysJourney
As someone who wants to get started learing PASR, where would be the best place to start? This thread is very old and I am not sure if starting from page 1 is the right way? Maybe something has changed after all these years? Thanks a ton for the help!
Should absolutely start from the beginning of the old thread. There's a order to it and trying to jump ahead doesn't work very well.
  • #12,108
  • Aug 12, 2019 3:32am Aug 12, 2019 3:32am
Quoting RaysJourney
As someone who wants to get started learing PASR, where would be the best place to start? This thread is very old and I am not sure if starting from page 1 is the right way? Maybe something has changed after all these years? Thanks a ton for the help!
That is the funny thing about it - not much has changed, except the ranges and volatility. But price does what price does.
Fix up, trade sharp ...
  • #12,109
  • Aug 12, 2019 6:31am Aug 12, 2019 6:31am
GU

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Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,110
  • Aug 12, 2019 3:30pm Aug 12, 2019 3:30pm
Quoting BeyondTheSea
GU {image}
i just something on your chart BTS.

heres something similar.....its not the best but it conforms to PASR, and thats what we are here for.

Strat, ill never forget when you told me im like a bull in a china shop. you are so right. i would love to hear your thoughts on this bulls example right here. you know i dont mind severe criticism, cos i am still tweaking it, but i am still here and still learning. just give it to me straight, if you have the time.....
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If at first you don't succeed, try, try again.
  • #12,111
  • Aug 13, 2019 1:43am Aug 13, 2019 1:43am
When it stops going up then you should wait and then observe PRICE and then IF PRICE goes down time to start selling

More than 10R for last two days, done for this month.

Green pips to all

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  • #12,112
  • Aug 13, 2019 10:19am Aug 13, 2019 10:19am
Quoting Alesiosc
{quote} i just something on your chart BTS. heres something similar.....its not the best but it conforms to PASR, and thats what we are here for. Strat, ill never forget when you told me im like a bull in a china shop. you are so right. i would love to hear your thoughts on this bulls example right here. you know i dont mind severe criticism, cos i am still tweaking it, but i am still here and still learning....
Hey Alesiosc,

could you explain your thoughts to place those trades?
What I see is pending limit orders to short with a very tight SL.

Thanks
Accept the risk!
  • #12,113
  • Aug 13, 2019 3:16pm Aug 13, 2019 3:16pm
Quoting Scrumy
{quote} Hey Alesiosc, could you explain your thoughts to place those trades? What I see is pending limit orders to short with a very tight SL. Thanks
I've got to run to work but as a hint, have a look at what price did last time it was at that location.
  • #12,114
  • Aug 13, 2019 3:39pm Aug 13, 2019 3:39pm
Quoting Scrumy
{quote} Hey Alesiosc, could you explain your thoughts to place those trades? What I see is pending limit orders to short with a very tight SL. Thanks
within the circle....if you can call it a circle......

i placed my order in the direction of the Worker, Boss and Big Boss trends......exactly the same as BTS. he traded a breakout. i placed mine using a stronger footprint than the one PASR tells me i should have used.....sorry to be so vague but im really not sure i should be laying it out on a plate here, unless Strat gives me permission to....tell me if it clicks.....


ill tell you something for nothing tho....the way i see you place your trades using PASR, you seem to be just missing the footprints in your trades.i wish i was as good at PASR like you. but unfortunately for me i am not. and so, getting good with these footprints is taking me a while to grasp....what i mean is. if i had the absolute knack of PASR, i could use that in combination with footprints and i assume thats all there is to it. in as far as the charting side of it. i know the psychology mm and the rest play a massive part, but im just talking about charting here.....

let me know if you get it ....

if not, maybe Strat would be kind enough to give me permission, or not.....
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If at first you don't succeed, try, try again.
  • #12,115
  • Aug 13, 2019 3:47pm Aug 13, 2019 3:47pm
look hard at this pic of Strat's too. Rub, i suggest you do too....something very important here.....
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If at first you don't succeed, try, try again.
  • #12,116
  • Aug 13, 2019 3:59pm Aug 13, 2019 3:59pm
Quoting Scrumy
{quote} Hey Alesiosc, could you explain your thoughts to place those trades? What I see is pending limit orders to short with a very tight SL. Thanks
just looked at audusd and i see that if i followed PASR instead of trying to be smart and take the stronger level, i would have banked 24 pips already on this trade. all i can hear in my head now is "Support to 1st Resistance or Vicky Verka" or whatever it is that Strat substitutes for Vice Versa
If at first you don't succeed, try, try again.
  • #12,117
  • Aug 14, 2019 3:03pm Aug 14, 2019 3:03pm
Quoting Alesiosc
{quote} within the circle....if you can call it a circle...... i placed my order in the direction of the Worker, Boss and Big Boss trends......exactly the same as BTS. he traded a breakout. i placed mine using a stronger footprint than the one PASR tells me i should have used.....sorry to be so vague but im really not sure i should be laying it out on a plate here, unless Strat gives me permission to....tell me if it clicks..... ill tell you something for nothing tho....the way i see you place your trades using PASR, you seem to be just missing...
Alesiosc, if I'm honest I'm not sure I understand the cryptic posts....? This post is in general and not specifically a reply to your post but you made a point that made me think..

I just trade what I see on the charts using PASR with the Shadow. I use basic support and resistance drawing my levels where "I think" I see price being halted, this can be on all time frames and often "seem" to happen as I'm trading in whatever time frame I'm looking at; when I see it, I use it. Same with the shadow as dynamic support or resistance.

When I "think" I see my level and the shadow at the same points, or close enough I then wait for price action to show me the way. I don't fix myself to use a specific time frame although 1 min 5 min and 15 min are my favourites at the moment.

There is no secret sauce or hidden method. Only chart time.

Spend hours and hours trying not to lose money, day in day out and things begin to happen.
When I post a chart it is for my own benefit because it makes me properly look at it and only then I realise that I've acted either out of sheer luck or subconscious learning. I often think, "who traded that? I didn't because I only remember my losers!"

Speaking of losers I have plenty but now they are on average about 6 pips and getting less and less. (I use pips for money management to calculate my %risk. PIPS DO MATTER if you use them for their true purpose, which is to calculate risk..).

I've developed my "favourite" setups not on purpose but it's just happened over time: retests, clear breaks of PASR, engulfing, SS, Hammers, stalls, pre news shadow directions. It's all there in the threads, nothing new or shiny, don't ask me, look for it!

So I'll continue to post my charts but feel there is enough info on this thread for everyone to have a crack at it without the need for each trader critique.

If you merge other methods, trade in different ways to what is laid out then so be it. There are many ways to make money in the markets and we all have to figure it out but lets try to keep this thread as it was laid out so new learners have a chance to pick up the path without falling off at the next corner.

It really is very, very simple. No secrets, nothing new and the markets are the same and will continue to be the same depending what time frame you trade.

Price At Support & Resistance. Rock On
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,118
  • Aug 14, 2019 3:53pm Aug 14, 2019 3:53pm
Quoting BeyondTheSea
{quote} Alesiosc, if I'm honest I'm not sure I understand the cryptic posts....? This post is in general and not specifically a reply to your post but you made a point that made me think.. I just trade what I see on the charts using PASR with the Shadow. I use basic support and resistance drawing my levels where "I think" I see price being halted, this can be on all time frames and often "seem" to happen as I'm trading in whatever time frame I'm looking at; when I see it, I use it. Same with the shadow as dynamic support or resistance. When I "think"...
hi BTS. can you explain the footprints Strat mentions throughout the thread please
If at first you don't succeed, try, try again.
  • #12,119
  • Aug 14, 2019 4:25pm Aug 14, 2019 4:25pm
Quoting Alesiosc
{quote} hi BTS. can you explain the footprints Strat mentions throughout the thread please
Strat told you on page 553!

My GPBUSD happened again today on my posted trade earlier in the week almost exactly.

1.21000 until someone sees value higher.

For me this is all part of identifying levels. I don’t trade anything in isolation. I don’t look for “footprints “ knowingly and I find them as I’m trading, it’s just part of my process and my understanding of the power of timeframes. It’s a consequential result of trading PASR in a lower time frame than a multi billion fund or national banks trading Big Boss and Boss strategies over many months.
Private Msgs are turned off to weirdos, loafs and brain drainers
  • #12,120
  • Aug 15, 2019 12:11am Aug 15, 2019 12:11am
Quoting BeyondTheSea
{quote} Strat told you on page 553! My GPBUSD happened again today on my posted trade earlier in the week almost exactly. 1.21000 until someone sees value higher. For me this is all part of identifying levels. I don’t trade anything in isolation. I don’t look for “footprints “ knowingly and I find them as I’m trading, it’s just part of my process and my understanding of the power of timeframes. It’s a consequential result of trading PASR in a lower time frame than a multi billion fund or national banks trading Big Boss and Boss strategies over many...
You see BTS. My problem is and always has been, I cant explain and breakdown things like you and many others do. I have always learnt by overloading my brain with info on the said subject. Then holding on to as much of that info, alot of the time, just a little, then overloading again and keeping a little more. The info that I learnt or kept could be from the beginning (the basics), or from the middle or end (intermediate, advanced). It is a very unorthodox way of learning but it has always worked for me. It is very different to the way Strat teaches everyone on this thread. In fact it's very different to how my Father brought us up too which was taking one step at a time and starting from the beginning.

Anyway, getting back to The Path. I have started from the beginning. Slowly grinding my way through the information, trying my hardest to go through it step by step, page by page. The truth is I went ahead to pages further on. Then came back to where I had left, overloading my brain with information, which a lot of the time didnt make sense but slowly i start to understand. Whilst hearing Strat mention Footprints throughout the thread, I realised this was a big part of PASR. I'm not sure if you remember this quote "the edge of all edges" or " the mother of all edges" cant remember which. When I finally realised what these footprints are, my brain went into overdrive because I realised, due to the quote above, what I have found . I understand what you are saying about not using anything in isolation as there is more to PASR than just footprints but hopefully you can understand now my excitement in being able to recognise them. Now, with my limited way of using PASR, I say limited with regards to many on here who use it better, I'm trying to combine it with the "edge of all edges" to speed up my learning. Some may say "that is not the way to do it" but that's the way I do things and have done for most of my learning life. This is the way I have progressed. Sometimes it helps me and other times it hasn't. Maybe it will help me here, maybe not but my feeling is it will, in time. So yes, I get what you are saying, but with Strat not being here to guide me/us, I can only move forward the way I know. I will not put so much emphasis on footprints from now as I know that those learning PASR need to start at Page 1 and learn and understand each and every post. It's the only way forward. But for me and my time restraints at the moment I have to continue the only way I know. If it all falls into place then that will be great. If not, I will be forever gratefull to Strat and many others on here for their time and efforts in helping total strangers to achieve their goals in trading. Some may think I'm big headed. Hopefully you understand now that I'm not it's just that my brain ticks too fast .. ..
If at first you don't succeed, try, try again.
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