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Strat's PASR Long Term, Stress Free Trading

Hi everyone, just wanted to wish everyone a happy new year!
After 3 months of reading, learning and trying to understand and apply STRAT PASR, i wanted to send my gratitude to STRAT and everyone participated in this thread. I think I finally found the holy grail and the one and only true indicator (between my ears). Thanks STRAT you put me and many others on the right PATH.
Quoting RickM
{quote} Neverless they were designed for Stock trading and are Stock Candle patterns. Then they were later applied to Forex trading candlestick patterns that produces mainly losses for most traders using them. Forex candlestick patterns are not single candles but sets of three or more candles grouped together. I do find the good old Pin Bar realises nice profits in Forex trading but the rest have not proven to be reliable. As a EA developer, I have design EA's to just trade precise candle stick patterns as seen in the trading manuals, all without...
PASR is not about applying simple candle stick patterns, not even close. It's very easy to code an EA to test a theory of a hammer, shooting star, or any other bar. You can waste years of your life coding EAs to back test something that cannot be back tested because you are not actually testing what should be traded.

I can't think of any reason to trade a candle pattern, single or multiple without a context of the market to trade with. Hence Price At Support Resistance.

We can agree there are many, many ways to make profitable trades. Your example would be priceless to traders studying this thread if you show it after, lets say... about 10am UK time on a 5 minute chart following the 1 hour candle failure to make a higher high after the 8 and 9 am close. Show this and back test this... ?

So how do you back test CONTEXT with PASR?

I can show this chart from today scalping Basic PASR in what I am seeing happening but it will mean something probably only to me:

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5 trades, 1 loser. 2.83 RR and 1% equity growth (my daily trading target). The set ups aren't perfect textbook but I see them right enough, every day on all time frames and I make money.

Let's use context in our posts if we are going to post anything on this thread.

I can only encourage people to study and make a strategy that works for you. Without context of higher time frames and/or market activity AT THE MOMENT then this thread will not suit anyone looking for a 1+2=3 off the shelf solution to all your trading frustrations.
Private Msgs are turned off to weirdos, loafs and brain drainers
The point of my posted chart is that you can't back test this. You have to trade it to learn it..
Private Msgs are turned off to weirdos, loafs and brain drainers
Quoting BeyondTheSea
{quote} PASR is not about applying simple candle stick patterns, not even close. It's very easy to code an EA to test a theory of a hammer, shooting star, or any other bar. You can waste years of your life coding EAs to back test something that cannot be back tested because you are not actually testing what should be traded. I can't think of any reason to trade a candle pattern, single or multiple without a context of the market to trade with. Hence Price At Support Resistance. We can agree there are many, many ways to make profitable trades. Your...
Hi BeyondTheSea

I was just commenting on a post that talks about single candle stick patterns without any other method to help decide on trade Bias. I am not here to poke a stick at Strats method. Strat talks about Support & Resistance which is fine with other traders like yourself who do well trading his methods.
I see the market in a more dynamic landscape which doesn't reply on lies surrounding theory's that use support and resistance terms. In fact I was just on a international trading chat group where I gave about 5 Live calls on GBPCAD & GBPAUD, all hit their target by a average 0.5 pips. So I was out by 2.5 pips over the 5 calls with an increase by 4.53% equity increase in 1 hours trading. There was probably one member on Forex Factory who would have seen those calls.

Anyway, I learned a lot from Strats methods at the beginning of my time here at Forex factory and feel its a good starting point to profitability.

P.S. We must really break down what support & resistance really means one day.
Trading thin liquidity at the boundary of the charts
The thread is so lifeless lately. Is refreshing to see some sparks now. The Core of Strat's teaching has always been Price Action at Support and Resistance. He also said that once we mastered the basic and we can evolve our own stratey from it. (Strat, hope I remembered this correctly.

Stop Hunt indeed is a problem we face very often. Is good that RickM pointed it out and at least we can be made aware of the meaning of the candle pattern formation he mentioned.

After brain storming by Strat for more than 1500 pages, I think is no harm to add a little bit of spice to it as long as the content still stick to the teaching of Strat.

BTC, your remark is valuable to me. Hope to see more of your posts. So that we can make the thread lively again. My year end wish.

To eveyone of my friends in the Thread, I wish you all a very happy New Year. Let 2020 be a profitable year for US.
Quoting RickM
{quote} "... We must really break down what support & resistance really means one day".
great knowledge master! ... thats one of the biggest lie ever to me kk
btw, could you please let me know which is the international trading chat group? you just mentioned ... I really want to join & learn from you master
regards, & happy new year to all!
positive interest or negative interest?
I found this thread quite interesting. But can anyone give me some names of senior members of the thread please? The reason is, while I was going through the old posts to see how this works, I'd often face questions and wouldn't know who to ask from.

By the way, looks like (one of) the oldest thread(s) here on FF. I like it...

Thank you guys
Quoting BeyondTheSea
The point of my posted chart is that you can't back test this. You have to trade it to learn it..
Hi BTS

Thank you for your posts. If I may add to your comments, Strat slways lectured us to look and SEE beyond the candles. To trade individual candles or patterns without context as you say will be a folly indeed. We must take our guidance from the Boss and Big Boss as part of our analysis to understand what the candles are telling us before coming to any decision, and the decision may very well be to not take he trade.

Regards
Pete
Quoting RickM
{quote} P.S. We must really break down what support & resistance really means one day.
Support and Resistance , the meaning thereof and how to trade profitably using Support and Resistance have been discussed in depth throughout Strat's two threads....(PASR - Price Action at Support & Resistance)

Regards
Pete
To Strat and everybody....

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Regards

Suranga
Focus, Patience, Discipline, Determination and Perseverance
Quoting JCMPete
{quote} Support and Resistance , the meaning thereof and how to trade profitably using Support and Resistance have been discussed in depth throughout Strat's two threads....(PASR - Price Action at Support & Resistance) Regards Pete
Hi Pete, Happy New Year.

I was not talking about how to trade with support and Resistance, I was raising the issue that if you choose to trade with S & R, perhaps you should know what it really is your'e using.
You need to know Support & Resistance does not exist, they are just merely lines on a chart. However there is something else there that is real and you are actually using to trade with, possibility quite well.

Isn't it better if you know what the hell you are using, how to define it and when the conditions are correct enough to take the trade.
Trading thin liquidity at the boundary of the charts
Quoting RickM
{quote} Hi Pete, Happy New Year. I was not talking about how to trade with support and Resistance, I was raising the issue that if you choose to trade with S & R, perhaps you should know what it really is your'e using. You need to know Support & Resistance does not exist, they are just merely lines on a chart. However there is something else there that is real and you are actually using to trade with, possibility quite well. Isn't it better if you know what the hell you are using, how to define it and when the conditions are correct enough to take...
If you are willing to share I am willing to learn.
MTN
Quoting Suran
This is why we need a good broker to trade.. XM {image} Peperstone Same pair {image}
Hi Suran

I work for a broker, what you need is an STP broker, no dealing desk no market making. Just fair opportunity to access the market from an interbank liquidity provider.
Quoting RickM
{quote} Hi Suran Pepperstone is not correct either, there were probably no orders till the start of the gap so pepperstone created a fake candle. Any large wide ranging candle generally is full of gaps so our brokers and MT4 just fill it the gaps. How does this help us, Xm is correct.
Pepperstone are market makers
Quoting pippoacher
{quote} Pepperstone are market makers
Yes, who give us faulty tools to trade the market with. If you broke that chart down to a 10 second chart, you would see there were also zero orders opened in that gap. A true and actuate chart should have shown no candle, just space.
But those thieves just gave us a bullshit candle and traders think they were helping them.

Its tough to be a retail trader
Trading thin liquidity at the boundary of the charts
Well i see there a lot of of information on SR posted here and on commercial zone.

But i would like to share what i am searching for, from what i undertood.

Sometimes candle formations are not there
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MTN
Quoting landax
This thread stopped living at the end of 2018, it's a pity, there was a real dynamic, even if in the end all the content is here. I wonder what happened to the others, did they abandoned or did they become a forex trader for life?
I didn't abandon. Silently trading in my corner of the world.

A lot has changed for me in the last number of months.

Shut down most of my business.

Took on a new job in management... (gives me more free time)

Grandson born 3 days ago. Cute little bugger.

Now back to my charts. Daily ones these days.
Illegitimi non carborundum - Noli pati a scelestis opprimi.
Quoting Suran
To Strat and everybody.... {image} Regards Suranga
Happy New Year!

I'm still here reading, learning, and trading the smallest lot possible. I thought I'd taken a step forward a few months ago but lost a few % through over confidence; I will post some charts of those if I get the time. I'm still battling myself.
[quote=tommyFL;12686369]{quote} Happy New Year! I'm still here reading, learning, and trading the smallest lot possible. I thought I'd taken a step forward a few months ago but lost a few % through over confidence; I will post some charts of those if I get the time. I'm still battling myself.[/quotes

Hey there! Happy new year!

i am still on the path. Main battle is you versus you not you versus the market. Don’t try to beat the market instead conquer yourself. I am still fighting my emotions, fear and greed. It’s admirable that you realize it.
You attract what you think in any area of life, relationships and trading!
Ok, what's next with gold?

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