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Strat's PASR Long Term, Stress Free Trading

  • #12,281
  • Sep 13, 2019 12:51am Sep 13, 2019 12:51am
Quoting Rub
Who fancies a EUR trade? I like EURAUD myself, nice hammer going there. {image} {image} {image} {image}
I was also thinking about this for last hour or so. wether to pull the trigger or not. Good thing about EURAUD is PRICE wend down to 1.59 level and found Buyers and it even closed above 1.603 previous S/R level with that nice looking Hammer. However , we are buying in to that Bigboss shooting star.

Attached Image (click to enlarge)
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Focus, Patience, Discipline, Determination and Perseverance
  • #12,282
  • Sep 13, 2019 3:59am Sep 13, 2019 3:59am
Quoting Rub
Who fancies a EUR trade? I like EURAUD myself, nice hammer going there. {image} {image} {image} {image}
-0.5% interest rate and the currency is gaining strength? So much so that it may cause a reversal in Boss trend?
I will stay out for now. That 2 H4 candles may have margin called many accounts yesterday. I watched it unfold with my own eyes. People were selling like no business and then... Bam! The Big Boys gobbled them all up.

I want to understand the intention of the Big Boys before trading any EUR pairs for now. Check the EURUSD trading journal page and that poor guy is still shorting EURUSD..

Am glad I pulled out my EURUSD short in slight profit before red news hit.

Will try and update more when I reach home. I have many post to reply to.

Edit: what is your RISK? Are you going to put a ~150 pips stop loss to long? Think about it...
  • #12,283
  • Sep 13, 2019 4:31am Sep 13, 2019 4:31am
Anybody trading gold?

Nice looking weekly Shooting star
Attached Image (click to enlarge)
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H4

Attached Image (click to enlarge)
Click to Enlarge Name: XAGUSDH4.png Size: 48 KB


And open positions ratio
Attached Image (click to enlarge)
Click to Enlarge Name: gold.png Size: 36 KB
Focus, Patience, Discipline, Determination and Perseverance
  • #12,284
  • Sep 13, 2019 5:14am Sep 13, 2019 5:14am
Quoting MikuSS
{quote} -0.5% interest rate and the currency is gaining strength? So much so that it may cause a reversal in Boss trend? I will stay out for now. That 2 H4 candles may have margin called many accounts yesterday. I watched it unfold with my own eyes. People were selling like no business and then... Bam! The Big Boys gobbled them all up. I want to understand the intention of the Big Boys before trading any EUR pairs for now. Check the EURUSD trading journal page and that poor guy is still shorting EURUSD.. Am glad I pulled out my EURUSD short in slight...

I got stopped out on EURGBP,EURCAD and Eur/Nzd. I compleately forgot that ECB news are comming.....I was well in a profit 380+ pips and lost all of them. Honestly i felt like a fool. Good news that is demo account . Lesson learn! It was good to see how you guys act on the news!

Best regards,
Emil Ushev
You attract what you think in any area of life, relationships and trading!
  • #12,285
  • Sep 13, 2019 5:18am Sep 13, 2019 5:18am
Quoting Suran
Anybody trading gold? Nice looking weekly Shooting star {image} H4 {image} And open positions ratio {image}

Hi there!

I think that you posted wrong chart , thats silver not gold.....anyway both of them are inside the WCC. I missed the opportunity to short the top of the WCC on gold few days ago. Trading the top and bottom of the WCC in lower TF is good option too.
You attract what you think in any area of life, relationships and trading!
  • #12,286
  • Sep 13, 2019 5:23am Sep 13, 2019 5:23am
Quoting Suran
Anybody trading gold? Nice looking weekly Shooting star {image} H4 {image} And open positions ratio {image}
Yes very nice shooting star on the weekly but no PASR on the worker yet so I WAIT!

Personally, I don't use open position ratios as they cloud my judgement. Why use them when you have PASR?
  • #12,287
  • Sep 13, 2019 5:34am Sep 13, 2019 5:34am
Quoting Rub
*sigh* Stopped out after adding on a trade. {image}
Hi Rub!

I am still in this trade with 50% of my initial size. Price is near 135.00 as this was my intial target. Other 50% i closed at the prevoius Swing low as you. Isn't the BuEB few candles from your add on a better entry to re-enter? As the price is near this level i will watch for any reversal candles to close it. Sorry no picture, i am on work.

have a good day,
Emil
You attract what you think in any area of life, relationships and trading!
  • #12,288
  • Edited 6:40am Sep 13, 2019 6:22am | Edited 6:40am
Quoting MikuSS
{quote} Yes very nice shooting star on the weekly but no PASR on the worker yet so I WAIT! Personally, I don't use open position ratios as they cloud my judgement. Why use them when you have PASR?
Mikus ,

I am not trading Silver anyway. Just wanted to post it. If PRICE break free of that demand trend line ,retest and gives a Price action Bar then it would be a nice trade.

About that open positions ratios. I just wanted to show that while PRICE setting up for a downward journey the open positions shows otherwise(more than 70% long) . Some time ago I learned from some body (I think Walter Peters from FXstreet) that he used it to confirm the price action. Normally if the opened positions were some where arround 70\30 (means 70% long and 30%short ) ratio then if PRICE action shows toward downside then he uses it to confirm the trade. He saying it might be 70% of trades were retail traders so the big boys takes other side of the market. But I never used it in any of my trades. Because I have enough faith in PASR.


I would like to hear Strats thoughts about it . But anyway we have enough weapons in our arsenal to trigger the trade.

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,289
  • Sep 13, 2019 7:15am Sep 13, 2019 7:15am
Quoting Rub
*sigh* Stopped out after adding on a trade. {image}
Hi
Pay attention what happens everytime you have this nice looking strat shadow. This dynamic SR cant look better than on your example. Have more faith and let it run is my advice.
Attached Image
  • #12,290
  • Edited 8:24am Sep 13, 2019 7:56am | Edited 8:24am
Hey hey hey..what is this?

Attached Image (click to enlarge)
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If only H4 close with a good Bearish bar

Attached Image (click to enlarge)
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Focus, Patience, Discipline, Determination and Perseverance
  • #12,291
  • Sep 13, 2019 8:03am Sep 13, 2019 8:03am
Quoting Suran
{quote} Mikus , I am not trading Silver anyway. Just wanted to post it. If PRICE break free of that demand trend line ,retest and gives a Price action Bar then it would be a nice trade. About that open positions ratios. I just wanted to show that while PRICE setting up for a downward journey the open positions shows otherwise(more than 70% long) . Some time ago I learned from some body (I think Walter Peters from FXstreet) that he used it to confirm the price action. Normally if the opened positions were some where arround 70\30 (means 70% long...
I would like to hear Strats thoughts about it . But anyway we have enough weapons in our arsenal to trigger the trade.

As I have posted many times, IGNORE ALL TALKING HEADS AND ""SO CALLED"" WALL STREET GURUS. They are paid to talk their heads off and know as much about the real world of ACTUAL trading as the pimple on my backside!

Because I have enough faith in PASR

If this was TRUE, you would not be looking at anything else.
15 YEARS OF PASR ON FOREX FACTORY!
  • #12,292
  • Sep 13, 2019 8:09am Sep 13, 2019 8:09am
Quoting Eushev24
{quote} IF my Big Boss is WK chart, Boss daily and worker 4 hr and all of them are up, is the trade still counter trade, for me its clear long? That means the pair is in harmony, so find opportunities to go long with PASR. Is negative Strat shadow on both WK and daily a big obstacle for the price? Is this the reason to call it counter trend? As Strat and Mhons previously mentioned, one of the uses of the Strat Shadow is to show the sentiment of the buyers and sellers in a period. However, we do not always wait for the Shadow to turn positive/negative...
Thank you MikuSS![/quote]

Hi Eushev,

Yes if all are 3 are in harmony, then it is clear long. But be careful if you are trading H4 as worker, you will have to use the Daily chart as Support and Resistance.

Perhaps thinking in swings will help you better. When the swing is up, anything you sell is against the swing. And vice versa.

How do you know whether a swing is up/down and whether it is going against the primary/immediate trend? That is where the Boss and Big Boss comes into play. Study them and understand how the Strat Shadow protects us from taking trades at the wrong side of the fence.

Regards,
Miku
  • #12,293
  • Sep 13, 2019 8:15am Sep 13, 2019 8:15am
From time to time it is really easy.

But mostly not!

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  • #12,294
  • Edited 9:33am Sep 13, 2019 8:19am | Edited 9:33am
Quoting strat
{quote} I would like to hear Strats thoughts about it . But anyway we have enough weapons in our arsenal to trigger the trade. As I have posted many times, IGNORE ALL TALKING HEADS AND ""SO CALLED"" WALL STREET GURUS. They are paid to talk their heads off and know as much about the real world of ACTUAL trading as the pimple on my backside! Because I have enough faith in PASR If this was TRUE, you would not be looking at anything else.

If this was TRUE, you would not be looking at anything else

Yap ,agreed ,And I wasn't using these to enter any of my trades . None to date.And I bet on my CAR .Even I don't have a car ...ha ha..when I see the PRICE ACTION It just came to my mind that I learned this years ago. So I just checked the opened positions.

Thanks a lot.

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,295
  • Sep 13, 2019 8:30am Sep 13, 2019 8:30am
Quoting Eushev24
{quote} I got stopped out on EURGBP,EURCAD and Eur/Nzd. I compleately forgot that ECB news are comming.....I was well in a profit 380+ pips and lost all of them. Honestly i felt like a fool. Good news that is demo account . Lesson learn! It was good to see how you guys act on the news! Best regards, Emil Ushev
Hi Eushev,
This one post tells me that you have more to work on, so let me start...

completely forgot that ECB news are coming.....I was well in a profit 380+ pips and lost all of them.
Then this tells me that you are treating trading as a game and you are not protecting your profits! Never forget the No. 1 rule of trading: Capital Preservation!

Honestly i felt like a fool
You really should and must reflect on your actions!

Good news that is demo account . Lesson learn!
NO you will never learn until you start trading with a LIVE account with real, hard-earned money. You are totally missing up on Trading Psychology, which will mess you up extremely quickly! However good the system Strat has kindly shared with us, remember that trading is 10% system and 90% psychology! Once the Little People comes over inside your head to visit, you will realise that trading is real and not entering trades on a whim.

It was good to see how you guys act on the news!
On the contrary, I myself stay clear of red news for any time frame below the Daily. I am not sure about the others though.

My advise is, open an small account as soon as you think you are ready and trade LIVE. Make sure you can make a profit out of this before you move on to trading bigger accounts.
  • #12,296
  • Edited 11:06am Sep 13, 2019 8:48am | Edited 11:06am
Quoting Eushev24
{...l

Quoting MikuSS
{quote} Hi Eushev, This one post tells me that you have more to work on, so let me start... completely forgot that ECB news are coming.....I was well in a profit 380+ pips and lost all of them. Then this tells me that you are treating trading as a game and you are not protecting your profits! Never forget the No. 1 rule of trading: Capital Preservation! Honestly i felt like a fool You really should and must reflect on your actions! Good news that is demo account . Lesson learn! NO you will never learn until you start trading with a LIVE account...
You will never learn until you start trading with a LIVE account with real, hard-earned money.

While confirming what Miku said above to Eushev , I wanted to add little to this. trading with a demo account means nothing like a live account. I opened a live micro account with minimum. And my trigger happy finger traded up to 288 trades. And I haven't lost even a 1 dollar yet. But its just in a break-even level .And I figured I will not even learn from this account because loosing trade just means nothing to this account. So I will open a bit bigger account after I refine my entries and learned to be patient. That's is when the real learning begins.

Hope this helps

Suranga
Focus, Patience, Discipline, Determination and Perseverance
  • #12,297
  • Sep 13, 2019 8:50am Sep 13, 2019 8:50am
Quoting Suran
Hey hey hey..what is this? {image} If only H4 close with a good Bearish bar {image}
Are you entering on H4 as the worker, or Daily as the worker with H4 as entry candle?

Although PA looks good on Daily, Strat Shadow on H4 is flat which tells me price is still consolidating. Be careful and trade safe.
  • #12,298
  • Sep 13, 2019 9:18am Sep 13, 2019 9:18am
Quoting MikuSS
{quote} Are you entering on H4 as the worker, or Daily as the worker with H4 as entry candle? Although PA looks good on Daily, Strat Shadow on H4 is flat which tells me price is still consolidating. Be careful and trade safe.

No Daily is my worker. H4 is just to refine
Focus, Patience, Discipline, Determination and Perseverance
  • #12,299
  • Sep 13, 2019 9:23am Sep 13, 2019 9:23am
GBPUSD H4

Unexpected huge bullish momentum, so I closed my trade in fear of retracement for a quick 1% account growth. Missed the first arrow because I was hesitating on the Big Boys' intention after yesterday's event.

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  • #12,300
  • Sep 13, 2019 10:02am Sep 13, 2019 10:02am
Quoting MikuSS
{quote} Hi Eushev, This one post tells me that you have more to work on, so let me start... completely forgot that ECB news are coming.....I was well in a profit 380+ pips and lost all of them. Then this tells me that you are treating trading as a game and you are not protecting your profits! Never forget the No. 1 rule of trading: Capital Preservation! Honestly i felt like a fool You really should and must reflect on your actions! Good news that is demo account . Lesson learn! NO you will never learn until you start trading with a LIVE account...
Hey MikuSS, thank you for the constructive reply.

I am not treating trading as a game. Yes i forgot N1 rule and news. I am still learning and to be sucessesful i need to develope new skills in time management, organizing and new habbits too! Long way to go! I need to learn how to fit trading into my life. Goin to daily charts will help a lot!
Lesson learn! NO you will never learn until you start trading with a LIVE account with real, hard-earned money.- Absolutely! 100% agreed. I am plannig to open small live account at the end of the year. Still investigating which plarform fits my needs.

Thanks for the reply!
You attract what you think in any area of life, relationships and trading!
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