Strat's PASR Long Term, Stress Free Trading | Page 617 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

MY PASR journey Based on Strat's PASR Trading 76 replies

M5 PASR Trend Trading Strat 95 replies

My PASR Trend Trading Journals 3 replies

A young trader's road to profitability - PASR trading - Live 11 replies

Fibs trading and PASR 0 replies

Attachments: Strat's PASR Long Term, Stress Free Trading
Exit Attachments

Strat's PASR Long Term, Stress Free Trading

  • #12,321
  • Sep 15, 2019 8:30am Sep 15, 2019 8:30am
Quoting MikuSS
{quote} You are right, 81 RN seems like a strong level. Just that price just sliced through it the last time and I didn't remember to check it to the left. 81 could be a wobble zone, or a pullback to the upside. With the recent oil attack in Saudi, I also do not know if CAD will be affected. I probably will stay out of this trade. Thanks for the heads up.

Ahh.. Saudi attack..what is the effect of oil prices to USDCAD. I know its related to oil prices. will it go up with higher oil prices or down? I stuck with a NZDCAD trade opened last Friday which I shouldn't have traded . So will have to get up early morning tomorrow to see whats happening with the market open
Focus, Patience, Discipline, Determination and Perseverance
  • #12,322
  • Edited 8:48am Sep 15, 2019 8:35am | Edited 8:48am
Quoting Suran
{quote} Ahh.. Saudi attack..what is the effect of oil prices to USDCAD. I know its related to oil prices. will it go up with higher oil prices or down? I stuck with a NZDCAD trade opened last Friday which I shouldn't have traded . So will have to get up early morning tomorrow to see whats happening with the market open
THEORETICALLY oil prices go up which means CAD will go up but I am horrible with Funnymentals, and I don't believe in them anymore so I just wait and see. Market is moved by the Big Boys, not the news.

I am also holding on to AUDCAD so i could be in for a surprise when I wake up in a few hours' time.
  • #12,323
  • Sep 15, 2019 8:44am Sep 15, 2019 8:44am
Quoting MikuSS
{quote} THEORETICALLY oil prices go up which means CAD will go down but I am horrible with Funnymentals, and I don't believe in them anymore so I just wait and see. Market is moved by the Big Boys, not the news. I am also holding on to AUDCAD so i could be in for a surprise when I wake up in a few hours' time.
So which means higher oil prices means good for Canada..means stronger CAD. NZDCAD trade might survive.However will get up early morning..(with the chickens next door..)
Focus, Patience, Discipline, Determination and Perseverance
  • #12,324
  • Sep 15, 2019 8:53am Sep 15, 2019 8:53am
Quoting Suran
{quote} So which means higher oil prices means good for Canada..means stronger CAD. NZDCAD trade might survive.However will get up early morning..(with the chickens next door..)
We will know soon....

Attached Image (click to enlarge)
Click to Enlarge Name: IMG_20190915_225254.jpg Size: 299 KB
  • #12,325
  • Sep 15, 2019 8:59am Sep 15, 2019 8:59am
Quoting MikuSS
Some Daily analysis shall we? ....
EURGBP Shall we?

Big Boss

Price in a down ward journey after that Shooting star..
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPmicroMonthly.png Size: 35 KB


Boss
Cleared the S/R levels,.Huge bearish bar, Trend down

Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPmicroWeekly.png Size: 37 KB


Worker
crossed Strat shadow and retested.Swing down, crossed 200 with BEOB (or DBHLC)
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPmicroDaily.png Size: 27 KB



Next level seams to be .87500 , I would like to short with H4 retacement for better price. But not sure with the way its going..will see..

What do you think?

Suranga

P.S. there is another level .88365 ,which seams price might cross it.so will watch for that also
Focus, Patience, Discipline, Determination and Perseverance
  • #12,326
  • Sep 15, 2019 9:07am Sep 15, 2019 9:07am
Quoting Suran
{quote} EURGBP Shall we? Big Boss Price in a down ward journey after that Shooting star.. {image} Boss Cleared the S/R levels,.Huge bearish bar, Trend down {image} Worker crossed Strat shadow and retested.Swing down, crossed 200 with BEOB (or DBHLC) {image} Next level seams to be .87500 , I would like to short with H4 retacement for better price. But not sure with the way its going..will see.. What do you think? Suranga
Very strong downward momentum but no opportunities to short (or I was stopped out 2 times!!).

Price is near Strat Shadow of Boss and Big Boss so I expect a slight pullback before eventually resuming the downtrend.

Current Price Action is very good but SL is too big. I will wait for H4 entries on pullback. Just take note of Boss and Big Boss Strat Shadow.
  • #12,327
  • Sep 15, 2019 12:02pm Sep 15, 2019 12:02pm
Follow up on my post from mid August regarding the sterling pairs:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSDDaily.png Size: 39 KB
Click to Enlarge Name: GBPAUDDaily.png Size: 46 KB
Click to Enlarge Name: GBPCADDaily.png Size: 38 KB
Click to Enlarge Name: GBPNZDDaily.png Size: 44 KB
Click to Enlarge Name: gbpjpydaily.PNG Size: 37 KB
Click to Enlarge Name: eurgbpdaily.PNG Size: 39 KB
  • #12,328
  • Sep 15, 2019 2:23pm Sep 15, 2019 2:23pm
Quoting TerryDawe
Follow up on my post from mid August regarding the sterling pairs: {image} {image} {image} {image} {image} {image}
Nice Terry. For everyone interested the mentioned post was this here:


Quoting TerryDawe
Been away for awhile and it seems that most posts are related to short time frames, which doesn't quite fit with the original focus of the thread. However, it is what it is. For those still interested in long term stress free trading, the sterling has reached historical highs of commercial longs (hedging) with a corresponding historical shorts of speculators. As of last week the net commercial participants have begun covering those longs so for those who take into account COT reports, watch the sterling for a long term move up. It has begun this...
Maybe I should start considering the COT report as well. It was also mentioned in one of the recent trading books I read (I guess it was one of Ed Ponsi). Thanks for sharing.
Accept the risk!
  • #12,329
  • Sep 15, 2019 3:19pm Sep 15, 2019 3:19pm
Quoting Scrumy
{quote} Nice Terry. For everyone interested the mentioned post was this here: {quote} Maybe I should start considering the COT report as well. It was also mentioned in one of the recent trading books I read (I guess it was one of Ed Ponsi). Thanks for sharing.
Howdy all

Been a while posting here, hopefully this will be the start of many more. A lot of changes going on now with work and personal life.

COT reports.

I always figure to each his own when it comes to trading, whatever it takes to understand price action and when to enter and exit the market. Cot reports, moving averages, Strat Shadow etc. If you make money, you ain't wrong.

To me COT reports are like watching a giant ship turn. Takes a lot of water and time but you do get a direction. I'll bet Strat could tell you the COT reports by looking at the Big Boss and Boss. If COT reports floats your boat (Pun Intended) it does show a direction.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #12,330
  • Sep 15, 2019 3:24pm Sep 15, 2019 3:24pm
NZDUSD
Position in the oven

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily 9.10.19.png Size: 76 KB
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #12,331
  • Sep 15, 2019 4:18pm Sep 15, 2019 4:18pm
Quoting Rufus
NZDUSD Position in the oven {image}
I've done the same.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 22 KB
  • #12,332
  • Sep 15, 2019 5:48pm Sep 15, 2019 5:48pm
Quoting Rufus
{quote} Howdy all Been a while posting here, hopefully this will be the start of many more. A lot of changes going on now with work and personal life. COT reports. I always figure to each his own when it comes to trading, whatever it takes to understand price action and when to enter and exit the market. Cot reports, moving averages, Strat Shadow etc. If you make money, you ain't wrong. To me COT reports are like watching a giant ship turn. Takes a lot of water and time but you do get a direction. I'll bet Strat could tell you the COT reports by...
Basically, just another tool. Choose to use it or not.
  • #12,333
  • Sep 15, 2019 6:00pm Sep 15, 2019 6:00pm
Quoting TerryDawe
{quote} Basically, just another tool. Choose to use it or not.

That's was my intention in my post. A tool. If it helps with understanding price action then great. I'm a finish carpenter by trade and seldom use a pipe wrench. A plumber seldom uses a miter saw. We each have to choose the best tools for our job when it comes to trading. The Strat Shadow is my standard, the "Blueprint" I work from, anything else is a supplement to either add (hopefully) or distract to my understanding of price and get the job done. It is up to me as a trader to decide what tools are necessary.

On the subject of tools, position sizing is seldom spoke of here, yet it may be the most important tool. Without proper position sizing risk is tossed out the window.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #12,334
  • Edited 6:26pm Sep 15, 2019 6:16pm | Edited 6:26pm
OK, it's time for me to ask the big question!

For over 3 years, I've been trying to find a long-term successful strategy in Forex, but in vain! When I say 3 years I am talking about something like 5 to 10 hours a day!!! In a way, I've wasted 3 years of my dear life that God has given to me. I am one of the best computer programmers you can see in your life; I'm absolutely good when it comes to mathematics and statistics/probability theories. I have tested hundreds of different strategies (both maniacal and manual).

I know all the possible answers that you or other members may come up with:

  1. Maybe you're not capable of trading. It's YOU who's caused the problem.
  2. Trading is an art. You can't measure it with computer programs.
  3. You're just another loser looking to find excuses.
  4. I've seen millions of successful strategies on the Internet (Strat's, for example)
  5. This is not the right forum to discuss it. Go somewhere else.
  6. ...

Before I further explain my point, take a look at the following three charts and guess which currency-pair they are AND which time-frame? Please do it right now and see the attachments.

I will let you know the answer at the end of this post.

One of the most frustrating (I would use a different adjective!) answers I've ever heard is that you're not supposed to ask Forex teachers to see their trades. This is probably the most strange/unfair argument I can imagine. This is not a joke! This is about students precious life. It's their RIGHT to know, beforehand, the path they're stepping into has been previously ended in success. Otherwise it's like buying a car by only listening to the seller's words and not actually seeing and driving the car! If the problem is their privacy, they can simply blur/disappear the numbers and show us the equity curve itself.

And now the final part, why showing their results for anything less than 3 years is useless? Because market condition changes all the time. in some years you could win big money only by flipping a coin! For example a given currency-pair could trend for the whole year 2017 in which case even the most ridiculous trend-following strategies would result in some amazing trades. But, this doesn't count. We need to see the results of a strategy AT LEAST FOR THREE YEAR to call it a successful strategy. You don't believe my words? OK, see the next paragraph.

Did you manage to guess which currency pairs AND which time-frame the attached images are showing? Ladies and gentlemen, they are nothing but a series of absolutely random numbers produced by Google Sheet! You can successfully insert Stochastic, RSI, trend lines, Fibonacci etc on it and they all work!!! Look how in some parts you could say "the chart is reacting to Support/Resistance levels"! What does this mean? like I said, even flipping a coin can produce a chain of successful trades, which is why I said we cannot call a strategy/trader successful until we see the results at least for 3 years.

I am not going to be a negative energy emitting person ruining your dreams and hopes. All I am saying is IT'S YOUR RIGHT TO KNOW, IT'S YOUR LIFE YOUR SPENDING. I would be more than happy (actually carried away) to see the results of trading a real account and for three years in a row here in this forum in which case I will start to study all the forum's posts word by word, taking notes of them, even if it will take a year or so.

Is there anyone on this forum who is willing to show his/her results? Come on, please give us some hope

Thank you very much.

Attached Images
If you can't measure it, you can't improve it!
  • #12,335
  • Sep 15, 2019 6:47pm Sep 15, 2019 6:47pm
Quoting josephcom
OK, it's time for me to ask the big question! For over 3 years, I've been trying to find a long-term successful strategy in Forex, but in vain! When I say 3 years I am talking about something like 5 to 10 hours a day!!! In a way, I've wasted 3 years of my dear life that God has given to me. I am one of the best computer programmers you can see in your life; I'm absolutely good when it comes to mathematics and statistics/probability theories. I have tested hundreds of different strategies (both maniacal and manual). I know all the possible answers...

I for one will never show my trading. This enters into a whole new realm of trading psychology I will not venture into. But even with the charts of random numbers you posted and one applied proper position sizing and psychology then......

“He deals the cards to find the answer
The sacred geometry of chance
The hidden law of a probable outcome
The numbers lead a dance
I know that the spades
Are the swords of a soldier
I know that the clubs are weapons of war
I know that diamonds
Mean money for this art
But that's not the shape of my heart”

― Sting, Shape of My Heart

The sacred geometry of chance. To me a beautiful line. If the edge is recognized the sacred geometry of chance is utilized. I don't care how good a computer program is, can it identify chance? In my book programing and chance are two different monkeys.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #12,336
  • Sep 15, 2019 7:53pm Sep 15, 2019 7:53pm
Quoting Rufus
{quote} I for one will never show my trading. This enters into a whole new realm of trading psychology I will not venture into. But even with the charts of random numbers you posted and one applied proper position sizing and psychology then...... “He deals the cards to find the answer The sacred geometry of chance The hidden law of a probable outcome The numbers lead a dance I know that the spades Are the swords of a soldier I know that the clubs are weapons of war I know that diamonds Mean money for this art But that's not the shape of my heart”...
Adding to the above post

Long Term Capital Management. Two men teamed up their programing abilities. Both Noble Prize recipients, Myron S. Scholes and Robert C. Merton, Cost the US taxpayers near as I can tell only 4.6 billion.

Attached Image


Myron Samuel Scholes is a Canadian-American financial economist. Scholes is the Frank E. Buck Professor of Finance, Emeritus, at the Stanford Graduate School of Business, Nobel Laureate in Economic Sciences, and co-originator of the Black–Scholes options pricing model.

Robert Cox Merton is an American economist, Nobel Memorial Prize in Economic Sciences laureate, and professor at the MIT Sloan School of Management, known for his pioneering contributions to continuous-time finance, especially the first continuous-time option pricing model, the Black–Scholes formula.


So much for a computer program.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #12,337
  • Edited 11:15pm Sep 15, 2019 9:18pm | Edited 11:15pm
Quoting josephcom
..... Is there anyone on this forum who is willing to show his/her results? Come on, please give us some hope Thank you very much. {image} {image} {image}

Is there anyone on this forum who is willing to show his/her results?


Looks like I guessed it right. check my previous reply(edit) to you. post no.12313...this is turning out to be fun.



Quoting strat
...
@Strat ..You might need to do something here ,before it gets out of control
Focus, Patience, Discipline, Determination and Perseverance
  • #12,338
  • Edited Sep 16, 2019 3:00am Sep 15, 2019 11:00pm | Edited Sep 16, 2019 3:00am
Quoting josephcom
OK, it's time for me to ask the big question! For over 3 years, I've been trying to find a long-term successful strategy in Forex, but in vain! When I say 3 years I am talking about something like 5 to 10 hours a day!!! In a way, I've wasted 3 years of my dear life that God has given to me. I am one of the best computer programmers you can see in your life; I'm absolutely good when it comes to mathematics and statistics/probability theories. I have tested hundreds of different strategies (both maniacal and manual). I know all the possible answers...
as it's your right it know YOUR life it's every others traders right to share their results, and I respect that.
that said there are people who share like this:
https://www.mql5.com/en/signals/236802#!tab=tab_account
  • #12,339
  • Sep 16, 2019 2:02am Sep 16, 2019 2:02am
EDIT: Thought better of it. I don't need any more hassles in life right now.
  • #12,340
  • Sep 16, 2019 2:44am Sep 16, 2019 2:44am
Quoting josephcom
OK, it's time for me to ask the big question! For over 3 years, I've been trying to find a long-term successful strategy in Forex, but in vain! When I say 3 years I am talking about something like 5 to 10 hours a day!!! In a way, I've wasted 3 years of my dear life that God has given to me. I am one of the best computer programmers you can see in your life; I'm absolutely good when it comes to mathematics and statistics/probability theories. I have tested hundreds of different strategies (both maniacal and manual). I know all the possible answers...
This Job is for those who have FAITH IN THEMSELVES.... This requiered more than a "Proper Trading System".....


With ur High Ego Mind u are not going to anywhere in this "Job"... only create excuses because u are failing all the time.. jumping from one system to other system... blaming everyone... but how many times u already talk in the mirror with urself about trading? How many times u accept ur mistakes?

Obviously.. in Theory 95% loss or cant have Constants Profits at Long Term... Inside of that 95% are the "Teachers" who charge money for sell a system, for sell an indicator, for sell an EA... the "Fakes Teachers", "Fakes Online Professional Traders", etc.. etc... You only can trust in urself.

The Other 5% Yes.. you can make profits Trading.

Now Look at ur way of think... You say "I am one of the best computer programmers you can see in your life"... Do u think with that MIND u can do something in Trading??? Btw.. i didnt knew that the "Programmers" have RANK for say that think... Neither the very very few traders that i know that are profitable.. they dont say anything about how good or bad they are.... anyway u are not going to understand that.


You say u have 3 Years, 5 - 10 hours daily (avarage 7.5hr)... That is 8,212hours... U need more to reach the THEORY OF THE 10,000HOURS.. and man.. that is true. I have about +13,500hrs, im not right but i my balance keep in breakeven or profits at the long term.. enough for pay my bills..

But if in that all time u are "WASTING YOUR TIME JUMPING FROM THREAD TO THREAD..." u are not going to anywhere... just stuck in where u are right now. Exist people who has almost 20 years trading and they still trading with Martingale, Grid.. burning their accounts etc etc...


Now u say that "u have a lot of time studying" (only 8,212hours) but ok..... and u just are when u detect that WE TRADE THE CHARTS???? Obviously the TimeFrame, Currency... Commodities... Indices.. Etc.. Etc.. WE JUST TRADE THE CHARTS...

But whatever.. exist a lot of information over there but u looklike those with High Ego talking sh*t.

I Trade Futures and im not going to show you anything...

Its funny when you say "I would be more than happy (actually carried away) to see the results of trading a real account and for three years in a row here in this forum in which case I will start to study all the forum's posts word by word, taking notes of them, even if it will take a year or so. Is there anyone on this forum who is willing to show his/her results?"

Hahahahaha and you want a cheesecake after the food? Anyway keep lossing money, thinking that u are smart but you are not.

But.. hey.. dont recieve all of this in a negative way... in fact... im going to tell u a secret... YOUR PROFITABLE SYSTEM THAT U ARE LOOKING FOR... IS UR MIND AND UR EYES.

Strat Shadow can help you begining to detect "pattern" that repeat, with that you apply a good Risk n Reward.. a Good Money Managment.. and maybe in that moment you are going to start be in "breakeven" balances... after a thousands of hours doing the same thing.. you are going to detect better the trades and those that is better do a hard takeprofit than wait for the take profit lane.

Edit: And GoodLuck... im sure that u are not going to understand with faith what i say and i prefer to do other things that write the same thing. Just exist people that not fit emotionally with Trading.
7 traders viewing now